Lafayette Council Extends Tax For I-10 Development
LAFAYETTE, La. (AP) — The Lafayette City-Parish Council is moving forward with a proposal to keep collecting an extra penny sales tax at the Louisiana Avenue/Interstate 10 interchange to pay for infrastructure to support a new commercial development.
The Advocate reports a final vote on the measure is set for April 28.
The council in 2006 approved a special taxing district at the interchange, where the sales tax rate is 9 percent, compared with 8 percent elsewhere in the city.
The extra tax revenue has been used to repay about $9 million in debt for road work, drainage improvements and other upgrades to lure the Target-anchored shopping center southwest of interchange.
The council voted 6-2 Monday with little discussion to move the measure forward.
Information from: The Advocate, http://theadvocate.com
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