federal income tax
January 10, 2018
Although the state’s revenue picture is expected to brighten by up to $300 million once federal tax changes take effect, the extra revenue won’t be nearly enough to plug the $1.5 billion shortfall in next year’s state budget that is mostly due to temporary taxes expiring on July 1.
Number of the Day
323,000 - Square feet of office space that Louisiana is renting from New Orleans Saints owner Tom Benson at above-market rates, costing the state nearly $2 million a year. (Source: Gannett Louisiana)May 25, 2017
Looking for leverage in the ongoing debate over Louisiana’s budget shortfall and the impending fiscal cliff, a bloc of Louisiana’s Democrats struck down a construction financing bill, which requires a two-thirds vote in order to pass.