Parish President Charlotte Randolph unveiled her proposed 2014 Operations and Maintenance and Capital Budget for Lafourche Parish on September 26, 2013 and began asking for public and council comments at the recent Parish Council public meeting in Mathews on November 12.
“While revenues do not provide funding to meet all requests, the 2014 Budgets represent an appropriate level of funding to achieve necessary services and advance a considerable amount of programs and projects here in Lafourche Parish,” she said in her preface to the budget document.
Two major projects for 2014 are Bulkhead Repair in Larose along the intersection of Bayou Lafourche and the Intracoastal Waterway, and Road Bond monies for Road Sales Tax District A.
The proposed Operations and Maintenance budget for 2014 comes in at $67,965,051. Most of the daily operations of the parish are paid through this budget.
The Capital budget funds new and existing capital projects, including purchases and improvements throughout the parish. This year, the budget adds $9,305,162 to its projects for a total of $47,442,814 for all projects.
Combined funding from grants, revenue sharing, fees, licenses, permits and other sources is expected to be $18,989,996.
Next year, the parish expects to repay debt service including principle and interest in the amount of $4,493,038.
Debt service is money borrowed by the parish primarily for capital construction projects. As of December 31, 2012 the parish owes $51,730,000, primarily for capital construction projects.
It is estimated in the budget that $13,096,975 will be collected in general sales tax next year, while ad valorem tax collections are estimated to total $20,107,848.
The total budget including all components is $67,965,051.
A special meeting was also held on November 13 as a second call for comments.
Public comments will again be accepted on the proposed budget at the next scheduled public meeting on November 26th at the Mathews Government Building.
Amendments to the budget will also be discussed and\or voted upon at that meeting.
The full proposed budget may be viewed on the Lafourche Parish Government website at www.lafourchegov.org/CONTENT/Finance/Proposed%20Budget-revised.pdf.
Posted on Tue, November 19, 2013