The Legislature’s special session nears its midpoint with a critical package of tax and budget bills having cleared their most difficult hurdle. Meeting for a rare Sunday afternoon session, the House Ways & Means Committee approved two major tax bills - one on sales taxes and one on income tax - while the Health & Welfare Committee advanced Medicaid bills sought by conservatives.
Number of the Day
$432 million - Total projected revenue raised by the tax bills approved by the House Ways & Means Committee on Sunday. That still leave the Legislature $260 million short of what’s needed to address the July 1 fiscal cliff. (Source: Nola.com/The Times-Picayune)