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Officials pitch $510 million bond package to fund housing, drainage and infrastructure without raising taxes
Summary
City infrastructure staff and council members described a $510 million general-obligation bond package set for the Nov. 15 ballot, saying it would fund affordable housing, stormwater work and broad infrastructure needs while relying less on federal grants and not raising property taxes.
New Orleans officials on the third day of capital-budget hearings pushed a $510 million general-obligation bond package that would appear on the Nov. 15 ballot and fund affordable housing, stormwater and general infrastructure projects.
Kyle Homan, director of the project delivery unit, told the council that the administration and the Board of Liquidation expect the package would not require a tax increase and that changes to the project lists would have to be made through the council’s Public Works Committee. “There are 3 separate resolutions … 1 for affordable housing at $45,000,000, 1 for stormwater and drainage for $50,000,000, and another for…
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