Folgers is seeking about $25 million in tax breaks in New Orleans, including millions for projects that have been completed for years, in an effort that will be the first major test of new city and Orleans Parish School Board rules aimed at reining in a controversial state exemption for industrial development.
The upgrades to the companyâs plants in New Orleans East will result in few new jobs, but company representatives argue they played a role in recent efforts to consolidate its footprint in the city.
A total of six applications to the Industrial Tax Exemption Program, or ITEP, will come before the City Council and school board this week. If denied, it could mean the company would be on the hook for about in $12 million in back taxes that were put off with the expectation that its tax breaks would be approved, according to Together New Orleans, an advocacy group that has opposed the tax exemption program.
Folgers is asking New Orleans for $25 million in retroactive tax breaks over the next decade nola.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from nola.com Daily Mail and Mail on Sunday newspapers.
New Orleans group calls for council to vote against tax exemptions for major company in city Updated: 3:23 PM CST Dec 14, 2020 WDSU Digital Team Share Updated: 3:23 PM CST Dec 14, 2020
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Show Transcript ENTIRELY GO TO HEALTHCARE.GOV WHEN IF YOU WANT TO SIGN UP. TODAY A GROUP WENT TO THE THE STEPS OF CITY HALL ASKING CITY LEADERS TO VOTE AGAINST TAX EXEMPTION REQUESTS BY A LARGE COMPANY IN OUR CITY. TOGETHER NEW ORLEANS SAID FOLGERS RECEIVED MORE THAN $41 MILLION IN TAX EXEMPTIONS COSTING TAXPAYERS ABOUT $121 MILLION. NOW THEY RE CALLING ON CITY COUNCILMEMBERS TO PUT AN END TO THIS BY VOTING AGAINST THE EXEMPTION AND INSTEAD PUTTING MILLION INTO THE BUDGET FOR PUBLIC SAFETY WORKERS FURLOUGHED BY THE CITY. A COULD BE SILLWOMAN SAID SHE LL VOTE AGAINST THE EXEMPTIONS. HERE S WHAT SHE SAID. TAKING ADVANTAGE OF THE PEOPLE OF NEW ORLEANS. TO GRANT THIS TYPE OF EXEMPTION. WE ARE IN A MAJOR FINANCIAL CRISIS HERE IN THE CITY OF NEW