Sunday, November 20, 2016

Another year, 1 more budget gap for state of Louisiana - MELINDA DESLATTE, Advertiser

Lawmakers who crossed their fingers and hoped that passing more than a billion dollars in new taxes would at least temporarily end Louisiana’s financial problems and stabilize the budget have seen those hopes dashed. Instead, the state’s once again awash in red ink, with a larger-than-expected $313 million deficit left over from last year and warnings the gap could worsen because this year’s income projections might have been too optimistic. For a ninth year in a row, Louisiana’s governor and lawmakers are looking for ways to come up with cash to plug holes — and readying to slash the budget yet again.

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