Home – Budgets in Brief - May 20 2019

Budgets in Brief - May 20 2019

LA GOV, HOUSE LEADER AT ODDS ON SALES TAX BREAK

LOUISIANA state Rep. Lance Harris (R), who heads the House majority caucus, introduced legislation last week to roll back the sales tax increase lawmakers approved last year to help shore up the state budget. But Gov. John Bel Edwards (D) opposes the measure, saying tax breaks could jeopardize the state’s fiscal stability. (ADVOCATE [BATON ROUGE])

 

LA WEIGHING HOW TO SPEND $400M BUDGET SURPLUS

LOUISIANA’s rainy day savings account, public pension systems, higher education programs, and roads, bridges and coasts are among the likely beneficiaries of a projected $400 million-plus budget surplus. The state ended last fiscal year with $308 million in unspent cash and is on track to finish the current fiscal year with another $110 million in unallocated funds. (ASSOCIATED PRESS)

 

NY LAWMAKERS CONSIDER ALLOWING MOBILE SPORTS BETTING

NEW YORK legislators are considering legislation to allow betting on sporting events via mobile devices and eventually at sports venues. Gambling analysts and proponents say if the state doesn’t authorize mobile sports betting it will lose hundreds of millions of dollars to illegal wagering and to states where it is already legal, like NEW JERSEY. (ASSOCIATED PRESS)

 

-- Compiled by KOREY CLARK