Parishwide Proposition No. 1 of 3
(Public Infrastructure Millage)
In lieu of separate millages previously approved by voters in the City of New Orleans ("City") in the amount of 1.900 mills for street and traffic control device maintenance and 2.500 mills for the Capital Improvements and Infrastructure Trust Fund (collectively, "Prior Taxes"), shall the City be authorized to levy a special tax of 2.619 mills ("Tax") for twenty years, January 1, 2021 - December 31, 2040 (estimated at $10,500,000 in the first year) with the proceeds of the Tax dedicated first to payment of debt service obligations secured by any of the Prior Taxes and then solely to public infrastructure in the City, to be used for the purposes of repairing, improving, maintaining and operating (i) roads, streets, and bridges, (ii) surface and subsurface drainage systems and stormwater management facilities, and (iii) public buildings and public safety facilities of the City, including purchasing related equipment and vehicles for any of the foregoing, provided that a portion of the monies collected shall be remitted to certain state and statewide retirement systems in the manner required by law?