Posted: Nov 4, 2009 11:20 AM by sleonard
BATON ROUGE, La. (AP) - Louisiana has raised over $300 million with a tax amnesty program aimed at lessening the effects of budget cuts.
Gov. Bobby Jindal on Wednesday called the program a success, noting that it brought in more than twice as much money as expected.
Jindal said much of the money raised would replenish the state's "rainy day" fund. Another chunk of the proceeds will go to the state's coastal preservation fund.
(Copyright 2009 by The Associated Press. All Rights Reserved.)