Posted: May 8, 2013 9:13 AM by AP
LAKE CHARLES, La. (AP) - The Calcasieu Parish School Board has voted 9-5 against renewing a $600,000-per-year sales tax credit for a company called Aeroframe Services.
Board members voting against renewal Tuesday said the plan wasn't in the best interest of the system, which faces a $13 million shortfall next fiscal year. Proponents argued that the tax credit, which would have been phased out over a five-year period, is crucial to keeping the aircraft maintenance company, and its 400 jobs, in Lake Charles.
Several community officials urged renewal - including Lake Charles Mayor Randy Roach.
The Lake Charles City Council recently agreed to extend Aeroframe's tax credit with the city.
Aeroframe CEO Roger Porter said the credit is needed. He said the company has suffered losses the last two years.