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Lafayette council moves to eliminate rebate

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News,Business

LAFAYETTE, La. (AP) — The Lafayette City-Parish Council has given preliminary approval to an ordinance that, if given final approval in two weeks, would eliminate a 2 percent rebate given to local businesses as an incentive to pay sales taxes on time.

Consideration of the ordinance comes at a time when Lafayette Consolidated Government officials are struggling to find new revenue for a tight budget. The Advertiser reports (http://bit.ly/10IgjDJ ) eliminating that rebate would bring the city of Lafayette an additional $1.4 million annually, and the parish of Lafayette would gain $104,000 each year.

Councilman Jay Castille, who sponsored the ordinance, did not attend Tuesday's meeting.

The council will consider final adoption during its Feb. 5 meeting.

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Information from: The Advertiser, http://www.theadvertiser.com

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