Budget & Taxes

SB 383 amends Louisiana’s Incumbent Worker Training Program to establish a new "Flexible Workforce Fund" within the existing program, allocating up to 40% of state funds for sector-based training and pilot projects addressing high-demand jobs. It clarifies eligible training types - including customized programs for businesses (including small businesses with ≤50 employees), preemployment training, and work-based learning - and sets spending limits (e.g., no more than 10% for administration). The bill directly affects Louisiana employers seeking workforce training grants and training providers delivering approved programs. Key mechanisms include mandatory fund allocation rules, employer credit provisions for program funding, and updated eligibility criteria for businesses. The changes aim to streamline funding for workforce development while ensuring revenue neutrality for the state.

HB 311 increases the percentage of insurance premium assessments paid by insurers in Louisiana into the Municipal Fire and Police Civil Service Operating Dedicated Fund Account. Specifically, it raises the annual deposit rate from 0.03% to 0.035% of direct gross premiums (minus returns) for fiscal years 2029-2030 and beyond, with a temporary 0.03% rate for 2027-2028 and 2028-2029. The funds directly support the day-to-day operations of municipal fire and police civil service systems across Louisiana. The bill takes effect July 1, 2026, and requires legislative annual appropriations for fund usage.