Sales Tax To Help Fund Airport Terminal Construction Ends
LAFAYETTE, La. (AP) — A 1-cent sales tax dedicated to fund construction of a new passenger terminal at Lafayette Regional Airport has ended.
The Advocate reports (http://bit.ly/1N0CEAa) the temporary tax ended Monday night after eight months.
In Dec. 2014, Lafayette Parish voted to levy the 1-cent sales tax for the defined period of April 1 to Nov. 30. The money generated would go toward building a $90 million passenger terminal. The tax was expected to bring in about $35 million, but total collections will not be known until January.
Federal grants and money from state government and airport cash and debt will also go toward the construction of the terminal.
Airport Executive Director Steven Picou says the terminal is part of $150 million in future projects at the airport.
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