NEW ORLEANS (AP) — New Orleans public schools can anticipate getting a $3 million boost in property taxes next year — at no cost to individual homeowners.
NOLA.com/The Times-Picayune’s Danielle Dreilinger reports the Orleans Parish School Board reviewed revenue projections Tuesday and unanimously approved allotting a portion of the levy to building repairs.
The owner of a $200,000 house with a homestead exemption will pay about $566 in January for schools, the same as they did this year.
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Parish schools finance director Gary Hamilton says the increase to $163.4 million from $160.2 million is largely predicated on increases in property being put back into the economy rather than increases in the values of homes.
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