Apr 2, 2014 8:26 AM by AP (Photo courtesy MGN Online)
Officials say sales taxes in a key commercial section of Donaldsonville rose by 2 cents on the dollar to 11 cents after a last-minute tax-sharing deal failed to materialize.
The Advocate reports efforts continue to reach an agreement and bring sales tax rates in the 750-acre area along La. Highway 3089 back to the 9 percent charged in the rest of Donaldsonville.
The old agreement that ended Monday included a benchmark that allowed Donaldsonville to collect $1.75 million in sales tax revenue citywide before the sheriff and parish could collect any share of sales tax from the annexation area.
The parish has been pushing for a 50-50 share in the annexation area without a revenue benchmark.
3 hours ago