Greg Albrecht

Politics
3:20 pm
Thu September 20, 2012

Louisiana has $130M left over from last year

The Legislature's chief economist says Louisiana closed the last fiscal year with a surplus of $180 million.

Greg Albrecht gave the news to the state income forecasting panel, the Revenue Estimating Conference, on Thursday.

Albrecht says the better-than-expected financial performance for the budget year that ended June 30 was largely tied to corporate tax collections, which were significantly higher than forecast.

Read more