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Panel: Revise La. tax system, raise personal income tax

The Louisiana Legislature should consider revising the state's tax system, including increasing personal income taxes, to solve the state's fiscal crisis on a long-term basis, a panel of experts said Monday at the Acadiana Press Club's Newsmakers Forum.

Legislators met in special session for three weeks ending March 9 to fill a mid-year budget hole. While they managed to generate some revenue, the legislature failed to completely fill the gap. Now they're meeting in regular session where they face the additional task of balancing the budget for the next fiscal year that begins July 1.

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