La. income forecasting panel reviewing new law - KALB-TV News Channel 5 & CBS 2

La. income forecasting panel reviewing new law

Posted:
© MGN Online © MGN Online

 

BATON ROUGE, La. (AP) - Louisiana's income forecasting panel is struggling with how to follow a new law sought by conservative Republicans.

The law requires the Revenue Estimating Conference to determine which dollars from fees and other dedicated funds are expected to appear annually, in hopes that could lessen future state budget shortfalls.

Lawmakers can't spend from funds beyond amounts recognized by the conference.

Previously, the four-member panel only projected the state's expected income from a specific series of taxes, licenses and fees - not all the pools of money available to state agencies.

With the new law, the four-member panel tried to figure out Thursday what it's supposed to estimate. Patrick Goldsmith, director of the House Fiscal Division, says legislative staff hopes to have recommendations by December on how to comply with the law.

(Copyright 2013 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.)

 

  • Most Popular StoriesMost Popular StoriesMore>>

  • APD: Battery Arrest

    APD: Battery Arrest

    Wednesday, July 30 2014 11:47 AM EDT2014-07-30 15:47:43 GMT
    ALEXANDRIA, La. (KALB News Channel 5)-- On July 29 2014, an APD Officer on patrol was flagged down by passing motorist and advised of a stalled vehicle in the middle of the 5700 Block of Masonic Drive.More >>
    ALEXANDRIA, La. (KALB News Channel 5)-- On July 29 2014, an APD Officer on patrol was flagged down by passing motorist and advised of a stalled vehicle in the middle of the 5700 Block of Masonic Drive.More >>
  • Invest 93

    A Developing Tropical Disturbance

    A Developing Tropical Disturbance

    Wednesday, July 30 2014 10:37 AM EDT2014-07-30 14:37:40 GMT
    Wednesday, July 289:30amIn the Atlantic, Gulf of Mexico and Caribbean, there is One area that we are watching for possible development during the next 48 hours.Invest 93-L (Tropical Wave)A broad area of Low Pressure is located about 1100 miles East Southeast of the Windward Islands and is producing a large area of shower thunderstorm activity. This disturbance is associated with a Tropical Wave (embedded in the Monsoon trough) and has continued to slowly develop during the past couple of day...More >>
    Wednesday, July 289:30amIn the Atlantic, Gulf of Mexico and Caribbean, there is One area that we are watching for possible development during the next 48 hours.Invest 93-L (Tropical Wave)A broad area of Low Pressure is located about 1100 miles East Southeast of the Windward Islands and is producing a large area of shower thunderstorm activity. This disturbance is associated with a Tropical Wave (embedded in the Monsoon trough) and has continued to slowly develop during the past couple of day...More >>
  • Man arrested for attempted robbery of Pineville Bank

    Man arrested for attempted robbery of Pineville Bank

    Tuesday, July 29 2014 7:10 PM EDT2014-07-29 23:10:31 GMT
    PINEVILLE, La. (KALB News Channel 5) Pineville Police have arrested a man who attempted to rob Pelican State Credit Union in Pineville. More >>
    PINEVILLE, La. (KALB News Channel 5) Pineville Police have arrested a man who attempted to rob Pelican State Credit Union in Pineville. 
    More >>
Powered by WorldNow
Powered by WorldNow
All content © Copyright 2000 - 2014 WorldNow and KALB. All Rights Reserved.
For more information on this site, please read our Privacy Policy and Terms of Service.