LSU Manship School News Service
BATON ROUGE — The fiscal cliff facing the Legislature is a little less steep than originally projected thanks to a new estimate that Louisiana will receive a $346 million windfall in tax collections as a result of changes in federal tax law.
The Revenue Estimating Conference on Thursday adopted that estimate along with projections by the Division of Administration that the state could face a $648 million budget gap unless the Legislature votes to cut services or raise more revenue.
Gov. John Bel Edwards called a special legislative session in February to address the budget shortfall,