Louisiana state revenue forecasts to be revised Wednesday
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 be bleak, with at least a $700 million deficit expected for this year and a nearly $2 billion gap next year, possibly larger.
This year's shortfall has to be closed by June 30, when the budget year ends.
Gov. John Bel Edwards has called a special session to begin Sunday, to rebalance this year's budget and to start work on closing next year's shortfall.
The Democratic governor is asking lawmakers to raise taxes, but Republicans are showing reticence to tax hikes.
Desktop NewsClick to open Continuous News in a sidebar that updates in real-time.
Deputies: Denham Springs man found hiding in teen's closet charged with multiple...
Mayor's office says ATC will honor opt-in status for EBR, bars can...
Fence company owner apologizes, plans to answer to warrants
State health officials brace for troublesome cold, flu season amid coronavirus pandemic
Bar owners disciplined for violating restrictions plead for state to lift suspensions
Recruiting look at local WR's Chris Hilton and Brian Thomas
Friday Night Blitz: Week 1 09-25-2020
LSU changing the recruiting game with prospect led visits
LSU football returns Saturday with no tailgating, 25% capacity in Death Valley
What you need to know before you geaux to Tiger Stadium