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View Diary: Dear New Orleans, Here is how to recover from destruction. Love, San Francsico (59 comments)

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  •  Lousiana tax income booming (0+ / 0-)

    The state predicted that tax collections would plunge by almost $900 million this year, and it slashed spending to match. Instead, a record $9.2 billion is on track to be collected by the time the budget year ends on June 30, and at least some of that tax flow looks as if it is likely to continue.
    Part of the upswing has come from gamblers dropping more dollars at casinos and video poker machines. More has come from higher oil and gas prices, which not only increase the state's taxes and royalties, but also increase profits in the petrochemical industry, which is a vital part of the Louisiana economy.
    But the biggest surge has been in sales taxes, as hurricane victims have used federal aid, insurance proceeds and their savings to replace items as varied as socks and SUVs. Officials forecast that the state will end up with almost $500 million more in sales tax revenue than they expected before the storms hit.

    http://www.dallasnews.com/...

    Practice absurdus interruptus - Support ePluribus Media.

    by Catte Nappe on Mon Jun 26, 2006 at 10:15:13 AM PDT

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