Yep, its that time again—for Caddo (and for a change Bossier) voters to have another special election’ for a tax renewal. Not that there are not enough special elections in what is almost a home grown Louisiana sport— tax elections on dates that do not coincide with regular elections. This time the vote is to renew a 2.5 millage for the Caddo Bossier Port on April 9th.
On April 3, 1993, the voters of Caddo and Bossier Parishes approved a special tax of 2.5 mills to be levied on the property subject to taxation in the Port Area, consisting of Caddo and bossier Parishes for a period of twenty -five (25) years, commencing with the year 1993. The purpose of the tax was for site acquisition and for constructing, acquiring, improving and equipping docks and wharves, transfer and storage facilities, commercial and industrial facilities and other port, transportation and infrastructure facilities and improvements with the Port. The revenue from this tax has increased from $2 million in 1995 to over $6 million in 2014. In 21 years over $80 million has been generated by this assessment.
The Port has approximately 700 acres of it’s 2300 hundred acres owned left for development; only 145 of these are contiguous which limits Read more