The East Bank Levee District is looking for a mil rate increase to improve the levees.
The east bank regional levee authority has scheduled a public hearing this week on raising the Orleans Levee District‘s property taxes by $4.4 million. The increase would apply to New Orleans east bank landowners within the levee district. It would not apply in Algiers, where the levees are controlled by the west bank regional levee authority. The proposal would raise two of three millages used by the levee district: a 0.49-mill increase in the general tax and a 0.54-mill increase in the special levee improvements tax. The district’s 0.75-mill maintenance tax would not be raised. A mill is a tenth of a cent, and represents a taxing rate of $1 per $1,000 of property value. The two increases would result in a total tax rate of 12.28 mills.nola.com
The revenue generated will be paid to the Non-Flood Asset Management Authority, which operates the Lakefront Airport, West End and South Shore harbors and other non-flood assets owned by the Orleans Levee District.
If it does not raise taxes, the authority could decide that enough revenue will be generated by the existing millages, which total 11.75 mills based on the most recent reassessment of property values. If the increases are approved, the district would collect an estimated $49.1 million, representing an increase of $4.4 million. The additional money would be used to pay for future elevations of earthen levees and for major maintenance projects. The hearing is set for 11 a.m. Thursday in Room 201 of the Southeast Louisiana Flood Protection Authority’s administrative complex, 6920 Franklin Ave., New Orleans.
They say the only things sure in this world are death and taxes and not wanting one I guess we do have the other. Living here with always the threat of flooding I guess these may well be needed. We only have to look at the Miami condo that fell – because of deferred maintenance.