|Posted on 8/17/2017 11:15:00 AM.|
Budget talks are ongoing among legislative and business leaders in the state. Governor John Bel Edwards has met with business owners around the state, as well as House Speaker Taylor Barras, to find a way to fill a $1.1 billion budget gap when temporary taxes expire next year. He called yesterday’s meeting with Barras a good, frank exchange.
|John Bel Edwards, Taylor Barras, fiscal cliff, budget, taxes|
|Posted on 8/11/2017 12:27:00 PM.|
The state's budget deficit for fiscal year 2018, which begins next July, is up to 1.5 billion dollars. Most of the shortfall is due to the loss of temporary taxes. Rising costs and inflationary expenses also make up the budget gap. But Jonesboro Senator Jim Fannin questions why inflation is included in the fiscal cliff deficit.
"It would be a lot better to have real numbers rather then these inflated projected numbers that just scares everybody," Fannin said.
|Budget gap, Jim Fannin, fiscal cliff, 1.5 billion dollars|
|Posted on 8/10/2017 2:35:00 AM.|
State officials are starting the conversation about how to address the looming fiscal cliff in 2018 when more than a billion dollars in temporary taxes expire. Commissioner of Administration Jay Dardenne has been spreading the word at meetings around the state to bring the issue to the public’s attention. He says lawmakers are facing some stark options.
|Jay Dardenne, fiscal cliff, taxes, budget, |
|Posted on 8/8/2017 4:02:00 AM.|
Today Governor John Bel Edwards is holding a meeting with business and industry leaders to devise a plan for addressing a looming $1.3 billion fiscal cliff when temporary taxes expire in 2018. Jeremy Alford of LaPolitics.com says the governor is looking to hear from the business community on what types of policy changes may be palatable, specifically tax increases.
|Jeremy Alford, fiscal cliff, special session, taxes, |
|Posted on 7/20/2017 5:38:00 PM.|
Now is the time for lawmakers to work on a plan to address the looming fiscal cliff in 2018. That’s the message of a letter Governor John Be Edwards sent to House Speaker Taylor Barras. Lawmakers failed to address the cliff during this year’s fiscal session. Edwards says they simply cannot wait until next year to start working.
|John Bel Edwards, Taylor Barras, fiscal cliff, |
|Posted on 6/19/2017 10:49:00 AM.|
Governor John Bel Edwards says he may not issue the call for a special session where lawmakers could address a looming fiscal cliff in 2018. Edwards says House Republicans did not support any of the recommendations from the tax reform task force in the regular session, nor did they propose a plan of their own. He’s skeptical anything would be accomplished in another special session.
|John Bel Edwards, special session, fiscal cliff, budget|
|Posted on 6/13/2017 11:44:00 AM.|
The clock is ticking on lawmakers to approve a budget before the special session ends on Monday. Governor John Bel Edwards says the spending plan approved by the Senate is a good starting point. He says unfortunately, the House did not vote on the budget last week, but he is optimistic HB1 can win passage this week.
|John Bel Edwards, budget, special session, fiscal cliff|