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Officials say Waterford 5 and 6 could yield about $27 million for schools during construction
Summary
Parish financial staff estimated the school board's share of construction-period sales tax from planned Waterford 5 and 6 units at roughly $27 million, based on assumptions about taxable materials and project timelines (Waterford 5 completion by 2029, Waterford 6 by 2030).
Mister White told the committee that Waterford 5 and 6 are expected to start in 2026 and that the parish estimates approximately $27 million in sales-tax revenue for the school board during construction. "They'll be breaking ground on Waterford 5 is 1st and expect to be completed by '29. Waterford 6 is '20 expect to be complete complete by 2030," he said, and later quantified the school board share as "$27,000,000 estimate" based on 30% of project cost attributable to taxable materials and machinery.
Members clarified that construction-period sales tax is temporary and one-time; long-term property-tax revenue will depend on exemptions (ITEPs) and eventual tax rolls once exemption periods end. The committee directed staff to keep monitoring start dates because timing will determine when these one-time revenues hit parish accounts.
