|Posted on 6/26/2018 11:41:00 AM.|
cliff is officially gone as the Revenue Estimating Conference recognized
500-million dollars in revenue that will be used to shield TOPS, public
colleges and most state agencies from cuts after July 1st. Commissioner of
Administration Jay Dardenne led the meeting, one day after the governor signed
a new sales tax bill into law.
|Fiscal cliff, TOPS, higher education, Revenue Estimating Conference|
|Posted on 6/25/2018 9:22:00 AM.|
Governor John Bel Edwards celebrated the passage of the budget bill at the end of a grueling start to the year that saw four total sessions needed to solve the state’s impending fiscal cliff that’s been at the center of state politics since short term taxes were passed two years ago. Edwards congratulated lawmakers on keeping healthcare and education off the chopping block.
|John Bel Edwards, special session, fiscal cliff, TOPS, healthcare, 2018, Louisiana|
|Posted on 6/25/2018 5:29:00 AM.|
A budget deal is on its way to the governor’s desk that fully funds higher ed, healthcare, and TOPS, and sets the state’s sales tax rate at 4.45% on July 1st through July 2025. The bill raises 466 million dollars for next fiscal year. Mandeville Senator and Republican Jack Donahue, the bill’s cosponsor, says it’s the compromise the legislature needed to get done.
|fiscal cliff, Louisiana, special session, 2018, TOPS, Medicaid, JP Morrell, Jack Donahue, Sharon Hewitt|
|Posted on 6/22/2018 12:14:00 PM.|
While the Senate is continuing to wait on passage from the House for a solution to the upcoming fiscal cliff, Senate President John Alario says a “Back-up” has been proposed in the event gridlock continues over sales tax negotiations.
“This is an effort to have some instrument in place just in case the house isn’t able to come to some compromise and find a way to fund the vital services of the state.”
|John Alario, Senate, Fiscal cliff|
|Posted on 6/18/2018 6:58:00 PM.|
The third special session of the year is underway, and Governor John Bel Edwards addressed both chambers saying it’s time to break free of the partisan gridlock as the state approaches the fiscal cliff on June 30th.
|John Bel Edwards, Special Session, Fiscal cliff|
|Posted on 6/13/2018 4:58:00 AM.|
Unless the state legislature approves additional revenue, TOPS will suffer a 30% reduction, a cost that will be passed right back to students and their families. Higher ed is also on the block for a substantial reduction, and Taylor Foundation Executive Director Dr. James Caillier says even if the state approves the funds, we’re already losing some of our highest performers, who are tired of the uncertainty.
|TOPS, scholarships, Louisiana, Higher Education, special session, fiscal cliff, 2018|
|Posted on 6/12/2018 11:20:00 AM.|
have begun this week in advance of next week’s special session, with parties
involved hoping to get a deal in place before Monday to avoid another dramatic
last-second finish to what will be the last session of the fiscal year. Senate
President John Alario says they’re looking to craft a compromise deal that can
get the 70 votes needed in the House for passage.
|third special session, fiscal cliff, Senate President John Alario|
|Posted on 6/11/2018 8:40:00 PM.|
The fiscal cliff debate is revealing a wide range of opinions from within Louisiana’s Republican Party, ranging from moderates who support the governor’s call for a half cent sales tax renewal, to anti-tax conservatives who favor budget cuts to plug the 648 million dollar shortfall. River Ridge Representative Kirk Talbot, who supported a third penny but not a half, says the state needs to tighten its belt.
|fiscal cliff, Louisiana, special session, 2018, Kirk Talbot, Thomas Carmody|
|Posted on 6/11/2018 10:49:00 AM.|
The third special session of 2018 will begin a week from today and must end June 27th. Governor John Bel Edwards is still looking for a fix to the fiscal cliff. The governor’s Deputy Chief of Staff Richard Carbo says after the legislature failed to replace a large portion of the 1.4 billion dollars in temporary taxes that expire June 30th, they had no choice but to give it one more shot.
|Governor John Bel Edwards, third special session, fiscal cliff|
|Posted on 6/5/2018 2:01:00 AM.|
The second special session of the year crashed and burned when lawmakers failed to pass a sales tax bill and that could result in a 30% cut to TOPS and 20% reduction in higher ed funding next fiscal year. The House rejected a Senate backed sales tax plan that would have replaced most of the 648-million dollars in expiring revenue.More
|special session, Louisiana, budget, fiscal cliff, legislation, tax, 2018, John Bel Edwards, Taylor Barras, Karen Carter Peterson|
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