Committee approves 90% TOPS funding
Drew White and
LSU Manship School News Service
BATON ROUGE–House panels on Wednesday advanced three revenue-raising bills that would reduce the state’s $648 million budget shortfall by varying amounts and passed a supplemental spending bill aimed at reducing cuts to TOPS scholarships.
None of the revenue bills, which were approved by the House Ways and Means Committee, would provide as much revenue as Gov. John Bel Edwards has sought to avoid cuts in state services.
The three bills proposed extending different sales tax rates, ranging from one-third to one-half of an expiring penny. The