The Revenue Estimating Conference says Louisiana's budget in the next fiscal year will be about $650 million in the red.
It's a fiscal cliff that state lawmakers and the governor have been grappling with to fix for a while now because of temporary taxes expiring July 1st.
The latest deficit projection presented yesterday to state lawmakers is far short of the earlier estimate of $1 billion, thanks in part to a federal tax overhaul that's impacting income taxes paid to the state.
Copyright © 2018 TTWN Media Networks LLC Photo: Getty Images