House raises sales tax by a penny; Senate must approve measure next
BATON ROUGE - Lawmakers in the state house have approved a one-cent tax increase to help fill budget holes in two budgets: the current budget and next year's spending plan.
The tax proposal was passed 76-27, WBRZ political correspondent Mark Armstrong first reported on Twitter Thursday afternoon. The senate will likely approve the measures next.
The one-cent proposal expires in 18-months.
If 1-cent sales tax bill stays as is... should bring in $200million this year. Will cost you avg. $12 month— Mark Armstrong (@TV_MarkA) February 25, 2016
The decision came after a lunch break. Thursday afternoon, lawmakers are deciding on taxes and government cuts.
Through some patchwork budget maneuvers, lawmakers appear to be able to fill all but $200 million of what is needed to close the gap for the current fiscal year. There will be more discussion Friday.
So, a projected $200M from 1¢ sales tax increase + $200M raided from BP settlement + $128M from rainy day fund.. (1) https://t.co/ShXTKReRKS— Michael Shingleton (@ShingletonWBRZ) February 25, 2016
(cont) + $101M in cuts + potentially $46M generated from cigarette tax + $27M in alcohol tax. I've got $703M? ≠ $900M+ @TV_MarkA ?— Michael Shingleton (@ShingletonWBRZ) February 25, 2016
Follow Armstrong on Twitter for quick updates. He tweets using @TV_MarkA.
Follow the publisher of this story on Twitter: @treyschmaltz
Desktop NewsClick to open Continuous News in a sidebar that updates in real-time.
Mardi Gras supply sales up, but shipping delays present challenge for sellers
MLK Day celebrations go on in Donaldsonville despite cancellations across capital area
Father reportedly shot son during dispute at Baton Rouge home
Two people, including teen, shot in Baton Rouge neighborhood
Spanish Town's pink flamingos return to LSU lakes
Gage Larvadain staying busy while doing two sports at Southeastern
Southeastern downs Tougaloo 77-72 for fourth straight win
Kevin Faulk recounts glory days and trying times
Liberty edges Madison Prep in electric atmosphere 58-53
Dorian Booker growing into body, new role with Scotlandville