Saturday, November 2, 2013
On Saturday, November 16, 2013, residents will decide if Parish government will issue $30 million in bonds to fund improvements to drainage, water systems, roads, public buildings, and recreation in St. John the Baptist Parish. Issuance of these bonds will not raise taxes!
By refinancing bonds at lower interest rates and retiring past debt, the Parish can issue bonds with no increase in taxes. The bonds will fund much-needed capital improvement projects such as:
Since 2010, St. John the Baptist Parish has refinanced approximately $30.8 million in general obligation and revenue bonds for a savings to taxpayers of approximately $2.5 million. All savings were achieved as a result of a lower interest rates and not by extending maturities of the refunded bonds. Over $50 million in capital improvements have been completed; however, much more work is needed to improve basic services and the quality of life for all residents.
Early voting begins at the Percy Hebert Building in LaPlace and the Courthouse in Edgard on Saturday, November 2 and extends through Saturday, November 9. Election Day is Saturday, November 16.
"It is very important that residents vote on Saturday, November 16 to decide if St. John the Baptist Parish will be able to fund much-needed capital improvements. These improvements are a critical component of the recovery process," said Parish President Natalie Robottom.