Special Taxing District No. 5 Proposition
Shall Special Taxing District No. 5 of the Parish of Livingston, Louisiana (the "District") be authorized to renew the levy and collection of a 1/2% tax (an estimated $2,100,000 reasonably expected at this time to be collected from the levy of the tax for an entire year) (the "Tax") upon the sale at retail, the use, the lease or rental, the consumption and storage for use or consumption, of tangible personal property and on sales of services in the District, for a period of ten (10) years, commencing on August 1, 2025, with the proceeds of the Tax (after paying the reasonable and necessary expenses of collecting and administering the Tax), to be dedicated and used to acquire drainage works, equipment and facilities necessary to construct, maintain and operate outlets for the waters of the District, and prevent flooding; and further shall the District be authorized to fund the proceeds of the Tax into bonds to the extent and in the manner permitted by the laws of Louisiana?