Mayor Holden's latest bond proposal

Monday, July 11, 2011 - 4:08pm

BATON ROUGE, LA (FOX44) - After failing twice before, Mayor President Kip Holden is trying for another bond proposal.

The latest measure calls for just under 750 million dollars. According to the propsoal, the money would come from a mix of sales and property tax increases, and help with safety, infrastructure, and economic development.

In November 2009, 64% of voters shot down a bond proposal worth $900 million. Political analysts say the biggest problems in that election were voter turnout, and a downtown amusement project called "Alive".

This proposal doesn't include the Alive project. That's what has many people thinking this is the best proposal so far.

But there are some who say the economy isn't right for property tax increases. According to the proposal, the bond issue would raise property taxes by 2.15 mills.

The issue will be brought up in Metro Council. If they approve, it'll go to voters in November.
 

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