- Associated Press - Wednesday, October 19, 2016

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 reports (http://bit.ly/2esHufg) 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.

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.


Information from: The Times-Picayune, http://www.nola.com



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