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French Quarter Economic Development District approves 2026 budget, plans drawdown from trust fund
Summary
The French Quarter Economic Development District presented strong 2025 KPIs and approved a 2026 budget that draws approximately $443,210.29 from the trust fund to finance public-safety and homelessness programs, with funding prioritized for supplemental police patrols.
The French Quarter Economic Development District (FQEDD) presented its third-quarter trust fund report and asked the council to approve a 2026 budget that would draw on the district’s trust balance to continue public-safety and quality-of-life programs.
FQEDD leadership said the quarter-cent sales tax renewal (approved by voters, described as 87% in favor) remains the primary revenue source. The presenter reported that 2025 tax receipts will be just over $4,000,000 and that the draft 2026 budget conservatively assumes $3,750,000 in tax…
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