LAKE CHARLES, La. (AP) — The City Council has approved a resolution calling for an election in April in which voters would decide whether a lakefront taxing district could be activated to collect sales taxes.
Mayor Randy Roach told the council the matter centers on a tax incremental financing, or TIF, district, in which sales tax collections are used to pay costs of some developments within the district.
The American Press reports (http://townta.lk/VN2rEB ) the Legislature authorized the TIF for the lakefront to help provide financial support for capital improvements to the district, where voters previously approved the concept of public-private development.
Information from: American Press, http://www.americanpress.com