Report Finds Louisiana State Government Most Dependent on Federal Assistance
A WalletHub study has found that Louisiana ranks among the most federally dependent states in the country. Additionally, the study found that the state has the highest share of federal funding as state revenue.
Biz New Orleans reported:
The lower level of state residents’ dependency comes from the fact that Louisiana has a small share of federal jobs, less than 2% of total employment, and a lower return on taxes paid to the federal government, $1.73,” Gonzalez said. “The largest part in Louisiana’s ranking as the eighth most federally dependent state was played by the fact that it has the largest federal funding as a share of the state’s revenue, almost 45%.
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