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The state’s $300 million budget surplus, spurred by higher-than-expected corporate and personal income tax collections and a small bump in oil and gas taxes, has prompted hand-wringing from some conservatives who now say that tax renewals that helped stabilize this year’s budget were unnecessary.

Number of the Day

5.9 - Percentage increase in personal income in Louisiana in the second fiscal quarter of 2018. (Source: Bureau of Economic Analysis, U.S. Department of Commerce)