What happened? Lawmakers sifting through what passed, failed
BATON ROUGE - Tax bills were rushed through in such frenzy in the final minutes of the special legislative session that the governor, lawmakers and their financial advisers are still trying to sift through the implications.
This year's budget could be out of balance anywhere from $30 million to $50 million. But that figure remained unclear Thursday.
The Edwards administration and lawmakers are negotiating with the chemical industry, trying to end a lawsuit pending against the state - and to release more than $20 million in taxes paid under protest, to help whittle away this year's remaining shortfall. No deal was finished, however.
One thing seems more certain: lawmakers fell far short of balancing next year's budget. The gap in the year that begins July 1 is estimated up to $800 million.
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