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Caddo Parish board approves five‑year tax exemption for Lubrication Technologies amid questions over return to schools
Summary
The Caddo Parish School Board voted 9-0 on March 18, 2025, to approve an ITEP property tax exemption for Lubrication Technologies Inc.; public commenters and some board members pressed for measurable benefits to local schools and internships.
The Caddo Parish School Board on March 18, 2025, approved a five‑year property tax exemption under the ITEP program for Lubrication Technologies Inc., despite public concern about giving away tax revenue and requests for clearer commitments tying the exemption to student or district benefits.
The motion to approve the ITEP exemption was made by Miss Veil and seconded by Mister Shell. After public comment and discussion among board members, the measure passed by a 9-0 voice vote.
Why it matters: The board approved the exemption as the district prepares voters to renew millage funding, prompting questions from residents about whether the district should be granting tax relief while seeking additional local funding. Several speakers asked that any…
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