Jul 11, 2011 10:51 AM by Lauren Wilson & AP
BATON ROUGE, La. (AP) - Baton Rouge Mayor-President Kip Holden will ask voters to approve a $748 million capital improvements bond proposal this fall, marking his third attempt to pass tax package.
The proposal is about $150 million less than the one voters rejected in fall 2009.
This November, pending approval from the Metro Council, voters will see the package broken up into three different components: public safety, infrastructure improvements and economic development and recreation.
In 2009, voters were asked to approve a 9.9 mill property tax and a half-cent sales tax to finance the $901 million bond package.
If all elements of the new package are approved, The Advocate reports tax payers will pay an additional three-fourths of a cent sales tax and 3.15 mill property tax.