The 2015 Legislature: A Tough Balancing Act
The Louisiana Legislature starts its 2015 session this week amid a historic budget crisis that was years in the making. Louisiana’s constitution requires a balanced budget, yet the projected gap next year between tax revenues and expenses stands at $1.6 billion. Unless this deficit is plugged in a thoughtful manner that includes new revenues, the result could be deep cuts to critical state investments in education, health care, infrastructure and public safety.
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