Friday, August 11, 2017

So how big as that "fiscal cliff" anyway?

About $1.5 billion, it turns out.
BATON ROUGE, La. (AP) — Louisiana’s looming mid-2018 budget gap is projected to be $1.5 billion. That’s the official price tag in documents to be presented to lawmakers Friday, the first update since the legislative sessions ended in June. Most of the shortfall projected for the budget year that begins July 1, 2018, is tied to the expiration of temporary sales taxes enacted by lawmakers last year.

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