Property Tax Crunch in New Orleans

deSue, Tedra
April 2006
Bond Buyer;4/27/2006, Vol. 356 Issue 32369, p1
Trade Publication
The article presents a problem foreseen for New Orleans, Louisiana in financing its service debt. The author stressed out the effect of Hurricane Katrina on the city's tax revenue collection. One of the coming service debt was the 9.1 billion dollars Gulf Opportunity bonds due on June 1, 2006. Observers cautioned the collecting officials to focus on their duty and not be affected by the coming election.


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