Second Special Session Report
Louisiana's second special session of 2016 adjourned sine die Thursday, June 23rd at 11:37 pm
wrapping up a record-long 19 weeks of session.
Gov. John Bel Edwards called the special session with demands of raising $600 million in new revenue to patch a forecasted shortfall for the 2017 Fiscal Year, which begins July 1. Much to Gov. Edwards's chagrin legislators only raised slightly more than $260 million in new taxes in the second special session. This newly raised $260 million is on top of the roughly $1.2 billion generated during this year's first special session.
Approximately $90 million in second special session revenue comes directly from businesses
. Much of the remaining $170 million in new revenue was generated through an agreed-upon license tax with HMOs for Medicaid match. Continue reading