State savings fund proposed to address budget problems

By Jack Richards

BATON ROUGE – The Louisiana Legislature has sticky fingers when it comes to spending excess tax revenue, and that’s why Rep. Walt Leger wants to create a constitutionally protected savings fund for future state budgetary problems.

The House Appropriations Committee Tuesday sent to the full House the New Orleans Democrat’s Restrict, Rebuild, Restore Act, which would lock away money during years of high tax collections.

Read the story in The Daily Comet