KEY TAKEAWAYS:

Louisiana has $32.3B to cover $48.6B in bills, leaving $16.3B gap

Each taxpayer would need to contribute $13,000 to cover liabilities

Fiscal health improved due to revenue growth and reduced pension liability

Report warns declining federal aid could create future budget challenges

Louisiana’s financial condition improved in 2024, but the state still does not have enough money to pay all of its bills, according to a new analysis from the fiscal watchdog group Truth in Accounting .

In its Financial State of the States 2025 report, the group found that Louisiana had $32.3 billion available to pay $48.6 billion in outstanding bills, leaving a $16.3 billion shortfall. To close that gap, each taxpayer would need to contribute $13,000. The state earned a “D” grade for its

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