When Lafayette voters go to the polls on Nov. 21, one of the issues on the ballot will be a property tax renewal that funds Lafayette Parish School System operations.
At its meeting Wednesday, the Lafayette Parish School Board approved placing the 7.27-mill property tax renewal on the Nov. 21 ballot.
The millage generates about $14.2 million annually to support school system operations.
The tax, which has been on the rolls for more than 40 years, covers such operational expenses as maintenance, utilities, salaries and benefits, among others.
A total of 33.56 mills is collected for school system operations. The current millage rate for property owners within the parish’s cities is 85.02 and is 86.55 for those with property outside the municipalities. The school system’s share equates to about 39 percent of the total property tax collected.
The School Board may soon consider other tax initiatives to help pay for needed school construction and improvements. One of those initiatives could be a property tax increase, although the full board isn’t expected to discuss that until next month.