The House Revenue Estimating Conference held on September 18, 2025, focused on key financial projections and updates impacting Louisiana's economy. The meeting commenced with the approval of previous meeting minutes and proceeded to discuss the unemployment compensation fund, incentive expenditure forecasts, and the budget stabilization fund.

Susie Shawen, Secretary of the Workforce Commission, presented the projected balance of the unemployment compensation fund, which is estimated at $1,196,614.06. This projection is significant as it will enable a reduction in employer taxes and an increase in benefits for the public, effective January 1, 2026. Shawen credited the legislature and her team for their efforts in fraud prevention and efficient management, highlighting the positive outcome as a result of good policy.

The conference also reviewed the incentive expenditure forecast, with Secretary of Revenue Richard Nelson available to address any inquiries. The revised forecast was adopted without objection.

Katie O'Connor from the State Treasurer's office reported on the budget stabilization fund, which has a balance of approximately $1.23 billion as of July 1, 2025. This figure includes a transfer of $148 million from the State General Fund and $20.2 million in interest earnings. The conference certified this balance, marking a significant financial milestone for the state.

Additionally, an interfund borrowing status report indicated a negative cash balance in the general fund of approximately $561.8 million as of September 14, 2025. The report detailed the movement of funds and provided comparisons of cash balances over recent months.

The meeting concluded with no further questions, and a motion to adjourn was passed. The discussions underscored the ongoing efforts to manage Louisiana's financial resources effectively, with implications for both employers and residents in the state.