Program Authorization: Article VII, Section 26(a) of the 1974 State Constitution
This constitutional dedication provides that $90,000,000 be allocated annually from the state general fund to parishes solely on the basis of the population (80%) and the number of homestead exemptions (20%) in each parish. Distribution is based in proportion to population and number of exemptions throughout the state. After deductions in each parish for retirement systems and commissions as authorized by law, any remaining funds shall be distributed by first priority to the tax recipient bodies within the parish. The funds are intended to offset current revenue losses as the result of homestead exemption.
RESOURCE ALLOCATION FOR THE PROGRAM
This agency's recommended appropriation does not include any funds for short-term debt.
This agency does not have any long-term debt for Fiscal Year 1998-1999.
SOURCE OF FUNDING
The source of funding for this program is state general fund.
ANALYSIS OF RECOMMENDATION
The total means of financing for this program is recommended at 100.0% of the existing operating budget. It represents 100.0% of the total request ($90,000,000) for this program. The recommended funding reflects the level required by the State Constitution.
ACQUISITIONS AND MAJOR REPAIR
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