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No deal: Louisiana tax session ends early, without agreement
Source:
neworleanscitybusiness.com
- Mar 7, 2018
Louisiana lawmakers gave up on a tax deal Monday and closed their special session early, with the House unable to break a partisan impasse over a budget gap just months away.
Attention now shifts to the regular legislative session opening next week, when lawmakers are charged with balancing the budget for the year starting July 1 with nearly $700 million less in state financing than they had this year. The TOPS free college tuition program and health services for the poor and disabled could be at risk of deep cuts.
Gov. John Bel Edwards called the session to replace expiring temporary taxes with other taxes, saying without the money, spending reductions would damage critical services. But the Democratic governor couldn’t broker a deal between House Republicans and House Democrats.
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Category: General Business
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