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State budget expected to be in surplus for eighth consecutive year

(The Center Square) — The Louisiana Legislature is expected to enjoy another budget surplus in 2025, which would be the eighth year in a row.

A budget surplus is when state revenues exceed state expenditures within a budget year. The 2024 fiscal year is projected to end with a projected $595 million surplus.

With a looming budget gap coming in July, 2025 when a 0.45% state sales tax and other tax ch…

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