Richland Parish will see a huge economic boost when Facebook’s parent company Meta builds a five-billion-dollar artificial intelligence data center there. That’s according to Economist Loren Scott, who says one of the biggest impacts the data center will bring is job growth.
Cut 10 (09) “…shot in the arm.”
We’re told the average salary will be around 130-thousand dollars.
For the third year in a row, Louisiana’s statewide school performance score has gone up. In the U.S. News and World Report states ranking, Louisiana has earned its highest national ranking ever, moving up from 46th to 40th. State Education Secretary Cade Brumley on the good news.
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The Louisiana Senate is expected to vote on the tax reform bills that have made it through the Revenue and Fiscal Affairs Committee. The committee kept the income tax plan at a flat three-percent, but it restored the historic preservation and film tax credits, and they inserted an option for local governments to tax pharmaceuticals. Committee Chairman Franklin Foil, a Republican, says there are two options on the table when it comes to sales taxes.
Cut 5 (12) “…make everything work.”
If they go the latter route, the state sales tax rate being floated is five-percent. Democrat Jay Luneau says he has concerns about raising sales taxes, which are already among the highest in the nation.
The special session must end by six Monday evening.