Capitol Briefing: Louisiana government s revenue picture improves with new report
The Courier
Already flush with federal cash, Louisiana s budget picture brightened again Tuesday, with the state s income forecasting panel estimating $677 million in tax collections above expectations should flow into the treasury over the next 14 months.
The Revenue Estimating Conference increased the estimate for general state tax collections in the current budget year that ends June 30 by $357 million. The panel also increased the general fund forecast for the upcoming budget year that begins July 1 by $320 million.
Those dollars aren t currently included in the budget legislation awaiting decisions in the Senate, but senators will add it in the coming days. Spending ideas for the money abound, with suggestions ranging from increased teacher pay raises and more dollars for early childhood education programs to paying down a variety of state debts.
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