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Content Tagged As revenue

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  • Communities impacted by March flooding may receive lost revenue assistance loans

    December 6, 2016 6:14 PM

    BATON ROUGE – Local governments that were impacted by severe weather in the spring may now be eligible for federal loans if they have revenue shortfalls. FEMA's Community Disaster Loan Program may provide loans of up to $5 million to eligible applicants who lost more than five percent of... more »
  • State revenue collections show improvements

    October 11, 2016 12:16 PM

    BATON ROUGE – September 2016 Net Receipts Report shows that total state revenues for 2016-2017 was $2.175 billion, a 25 percent increase compared to that time last year, according to the Louisiana Department of Treasury. Sales tax collections increased to 35 percent compared to last year, along with individual... more »
  • Delta says computer outage reduced revenue by $100 million

    September 2, 2016 2:04 PM

    ATLANTA - Delta Air Lines says last month's computer outage, which caused it to cancel 2,300 flights, cost $100 million in lost revenue. The airline also said that a key revenue-per-mile figure fell sharply in August, partly because of the outage. Delta reported that passenger revenue for every seat flown... more »
  • Louisiana lottery has record sales year

    August 23, 2016 11:57 AM

    BATON ROUGE - The Louisiana Lottery Corporation ended its 2016 fiscal year with record sales. Lottery officials said in a news release Monday the year ended with $508.3 million in revenue. About $177.9 million from the lottery went back to the state during the budget year that ended June 30.... more »
  • Louisiana casino revenue down 2.6 percent

    July 22, 2016 11:08 AM

    BATON ROUGE - Louisiana's 15 riverboats, four racetrack slots casinos and Harrah's New Orleans brought in $202.7 million in June, a 2.6 percent decrease from June 2015's $208.2 million. The 13,160 video poker machines across the state brought in $45.4 million. That was a 2.9 percent decrease from June 2015,... more »
  • State mineral lease sale brings in $59K in bonus revenue

    July 20, 2016 9:37 AM

    BATON ROUGE - The Louisiana Mineral and Energy Board's July lease brought in $59,150 in bonus revenue. The board said in a news release Tuesday buyers bought two leases covering 294 acres in Calcasieu and Plaquemines parishes. The lease sale offered tracts covering a total of 587 acres. According to... more »
  • Bill would lessen tax breaks for manufacturers

    June 15, 2016 2:39 PM

    BATON ROUGE - Senators are advancing a bill that would force large manufacturing facilities to choose between two property tax breaks they enjoy, to boost revenue for the state's budget. The bill by Republican Sen. Rick Ward, of Port Allen, would prohibit businesses from receiving both an exemption from paying... more »
  • Louisiana state revenue forecasts to be revised Wednesday

    February 10, 2016 6:01 AM

    BATON ROUGE- Louisiana's income forecasting panel will soon set the official number for this year's budget deficit and next year's financial shortfall. The figures set Wednesday by the Revenue Estimating Conference will be the basis for tax negotiations in the upcoming special legislative session. The revised forecasts are expected to... more »
  • Gov. Edwards' budget ideas unveiled, so negotiations begin

    January 20, 2016 5:42 PM

    BATON ROUGE - Reaction to Gov. John Bel Edwards' tax hike proposals for closing Louisiana's massive budget holes is mixed. Legislative leaders say they're encouraged by the broad array of options, but others are showing resistance to the ideas. The Democratic governor offered a "menu of options" that includes... more »
  • Residents warned of IRS scam in East Feliciana Parish

    January 15, 2016 8:55 PM

    CLINTON - The East Feliciana Parish Sheriff's Department is warning residents to be aware of a scam involving callers claiming to be from the IRS or a debt colllector calling on behalf of the IRS. According to deputies, the caller tells them they owe money, and a lawsuit will... more »
  • Lafayette man accused of not reporting $468K for state taxes

    December 3, 2015 6:49 AM

    BATON ROUGE- The Louisiana Department of Revenue says a Lafayette man is accused of failing to report hundreds of thousands of dollars in income from his home improvement business. Department spokeswoman Kizzy Payton says in a news release that Alan Bernard filed state tax returns reporting no income from the... more »
  • State suspends tax amnesty program over incorrect info

    November 17, 2015 5:36 PM

    BATON ROUGE - State revenue officials announced Tuesday they were suspending Louisiana's tax amnesty program for the rest of November due to incorrect information sent out to taxpayers. The Department of Revenue said they discovered some amnesty invitation letters said people the wrong amounts of money, and determined it... more »
  • Next year's state budget shortfall projected at $713M

    August 14, 2015 11:37 AM

    BATON ROUGE - Only two months from a difficult budget-balancing session, state lawmakers have gotten their first official glimpse of the shortfall they already face for next year: $713 million. News Friday of a horizon filled with future budget gaps wasn't unexpected for the Legislature's joint budget committee. This year's... more »
  • Harrah's Casino blames smoking ban for 2nd drop in monthly take

    July 24, 2015 7:20 AM

    NEW ORLEANS- Revenue dropped 30 percent in June at Harrah's New Orleans Hotel & Casino. It was the second consecutive monthly drop. The facility's top executive is putting most of the blame on the city's indoor smoking ban. Dan Real, general manager of Harrah's New Orleans, asked the state Gaming... more »
  • Tangipahoa teachers to get extra funds

    July 13, 2015 9:12 AM

    AMITE- The Tangipahoa Parish School System will use extra state revenue it received for this school year to cover mandatory supplemental pay for certified teachers. The state legislature gave funding to public school districts outside the Minimum Foundation Program, a formula used to fund school systems, which they can put... more »
  • Casino support contract blocked in La. House

    May 20, 2015 3:41 PM

    BATON ROUGE - Louisiana's state senators Wednesday blocked approval of a $3.6 million casino support services contract for New Orleans amid complaints that the city's new smoking ban likely will cause the state to lose money. The prohibition against smoking in bars and gambling halls took effect last month. Louisiana... more »
  • Budget gets a boost from improved state revenue forecast

    May 14, 2015 3:42 PM

    BATON ROUGE - Lawmakers have more money to close budget shortfalls after the state income estimating panel added nearly $179 million to two years of financial forecasts. The Revenue Estimating Conference made the changes Thursday, boosting the state general fund forecast for this year by more than $99 million and... more »
  • Jindal continues to call for revenue neutral budget Play Video

    May 8, 2015 7:49 PM

    BATON ROUGE - At an informal meeting with reporters on Friday before leaving the state, Governor Bobby Jindal evaded specific questions about about tax credit rollbacks and repeated a general statement he gave Thursday after the state House approved millions of dollars in tax changes. "Any tax credit where... more »
  • State reports flood of false tax returns Play Video

    February 6, 2015 1:46 PM

    BATON ROUGE - Louisiana revenue officials said they've discovered more than 2,000 attempts to file fraudulent tax returns through popular tax software this year. The Department of Revenue said 2,011 returns filed through Intuit / TurboTax have been filed as fraudulent. "To our knowledge, our systems at the... more »
  • Tax Season 101 Play Video

    January 20, 2015 8:13 AM

    BATON ROUGE - The Louisiana Department of Revenue began accepting state individual tax returns today, as did the Internal Revenue Service. This morning on 2une In we were joined by the LDR's Director of Criminal Investigations Barry Kelly who had some tips to survive Tax Season 2015. "You need... more »
  • NW La casino take up 6 percent

    September 19, 2014 5:31 AM

    NEW ORLEANS - The Shreveport-Bossier casino market was Louisiana's biggest winner in August: the $71.2 million take at its riverboats and racetrack slots casino was up 6.4 percent from a year earlier. Figures released Thursday by Louisiana State Police show statewide gambling revenues rose 1.2 percent to $217.8 million. The... more »
  • Louisiana casino take about even with July 2013

    August 21, 2014 2:31 PM

    NEW ORLEANS - A 12.4 percent jump in July winnings at Louisiana's land casino kept the 21-casino total about even with July 2013. Casinos took in about $213 million statewide, just $384,300 more than a year earlier. But the land casino's winnings rose from $25.4 million to $28.5 million. Riverboat... more »

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