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Election is October 2nd.
SALES TAX RENEWAL PROPOSITION
10-YEAR 1/2% SALES AND USE TAX RENEWAL ("TAX") FOR IMPROVING STREETS, SEWERAGE DISPOSAL, WATER AND WASTE WATER SYSTEMS WITH IN THE CITY OF SULPHUR, LOUISIANA, WITH COLLECTIONS FROM THE LEVY OF THE TAX ESTIMATED TO BE $2,300,000 FOR ONE ENTIRE YEAR, AND AUTHORITY TO ISSUE BONDS TO BE RETIRED WITH, PAID FROM AND SECURED BY A PLEDGE AND DEDICATION OF THE TAX.
Shall the City of Sulphur, Louisiana, pursuant to Article 6, Section 29 of the Louisiana Constitution of 1974, and other Constitutional and statutory authority, levy and collect for 10 years beginning April 1, 2011, a tax of one-half percent (1/2%) upon the sale at retail, use, lease or rental, consumption and storage for use or consumption of tangible personal property and on sales of services as defined in La. R.S. 47:301-317, and the avails of the Tax, after payment of all costs of levy and collection, dedicated and used for improving streets, sewerage disposal, water and waste water systems within the City of Sulphur, Louisiana, title to which shall be in the public, with collections from the levy of the Tax estimated to be $2,300,000 for one entire year; and, to issue bonds not to exceed 10 years from the initial levy of the Tax, with interest at a rate not exceeding ten (10%) per annum, which bonds shall be retire with, paid from and secured by an irrevocable pledge and dedication of the Tax?
