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With tax deal, stable years ahead for Louisiana's finances

Source: brproud.com/news/local-news/with-tax-deal-stable-years-ahead-for-louisiana-s-finances/1263608837 - Jun 26, 2018

BATON ROUGE, La. (LOCAL 33) (FOX 44) - Louisiana Gov. John Bel Edwards is poised this week to sign the state's longest-term revenue fix in a decade.

The proposal to levy a 4.45 percent sales tax rate through June 30, 2025 won final passage Sunday in the Louisiana Legislature. Its seven-year window will offer state finances a security not seen since former Bobby Jindal's administration, while keeping state health and higher education funds afloat.

"Now that the fiscal cliff is in the rearview mirror, prosperity and stability are straight ahead," Gov. John Bel Edwards told reporters.

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Category: General Business