Mayor-President releases tax details on BTR Plan
BATON ROUGE - East Baton Rouge Parish Mayor-President Sharon Weston Broome has released details on the tax proposition for the Better Transportation and Roads Plan.
The proposed 5 mill property tax and 1/2 cent sales tax would contribute to the $540 million needed to complete all projects in the plan, according to Broome.
The property tax, which would go towards transportation and mobility improvements, would accumulate a total of $22 million in annual revenue. The sales tax, which would go towards repair and improvement of existing roads, would accumulate a total of $20 million in annual revenue.
For example, A $200K home with a $7,500 Homestead Exemption would pay $62.50 annually, or $5.21 a month under the proposed property tax, according to Broome.
$95 million of the $540 million needed would come from federal funds, according to Broome.
Here's a breakdown of the benefits and funding needed, according to Broome:
New Construction Projects - $361M
Mobility Improvements - $100M
-Traffic congestion relief
-Elimination of turning movements
Community Enhancements - $40M
Advanced Traffic Management - $40M
-400+ Signal Upgrades
-Real time traffic management
The plan's comprehensive approach to infrastructure includes a greater focus on mobility, alignment with various modes of access, real time traffic data, enhanced traffic surveillance and two times rehabilitation and resurfacing funding, according to Broome.
For a full list of all BTR Plan projects, project map, upcoming public meetings or to leave a comment, visit www.brgov.com/btr.