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Keyword: labudgetdeficit

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  • Louisiana has lost nearly $1 billion in sales tax since Katrina

    10/28/2005 1:08:35 PM PDT · by caryatid · 45 replies · 757+ views
    AP ^ | October 28, 2005 | AP
    BATON ROUGE, La. -- Louisiana's budget deficit got an official number Friday, nearly $971 million lost in state tax income that the governor and lawmakers will have to slash from state spending in the remaining eight months of the budget year. Economists warned the budget problems could worsen as they get more concrete details of the lost sales, income, gambling and business taxes from the back-to-back blows of Hurricanes Katrina and Rita.