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U.S. State18th State • April 30, 1812
Louisiana LA
"The Pelican State"
Where jazz was born, Mardi Gras fills the streets, and the Mississippi River meets the Gulf, Louisiana is unlike any other state in America, shaped by French, Spanish, African, and Caribbean cultures into something entirely its own.
Louisiana state finances at a glance
State Debt - FY2024
$16.1 billion
Total state government debt outstanding at the close of fiscal 2024, including long-term bonds and short-term borrowing across state agencies and public universities.
Tax Revenue - FY2024
$16.5 billion
Total Louisiana state tax collections in fiscal 2024, led by the individual income tax ($4.9B) and the general sales tax ($4.9B).
Borrowing
Louisiana issues general obligation bonds backed by its full faith and credit, approved by the State Bond Commission and subject to a constitutional limit on annual debt service. The bonds are sold to investors in the tax-exempt municipal market. The state reported about $461 million in interest on its debt in fiscal 2024.
Source: U.S. Census Bureau, 2024 Annual Survey of State Government Finances.
4.6M
Population
18th
State (1812)
#1
Port by Tonnage
64
Parishes (not counties)