Saints/State Deal Information

dberce1 · 01-27-2005, 01:05 PM

Also found the following:

Spare N.O. area brunt on Saints deal, study says
State already receives two-thirds of tax revenue team generates Thursday, January 27, 2005
By Martha Carr
Staff writer
Considering that the state receives two-thirds of the tax revenue generated by the Saints, New Orleans should not be expected to bear the brunt of a new financial package that would keep the National Football League team in the city through 2025, according to a report issued Wednesday by the Bureau of Governmental Research.

Gov. Kathleen Blanco has said the tax revenue to pay for a proposed $168 million renovation of the Superdome, which would allow the Saints to earn more revenue, must come from Orleans and Jefferson parishes, not the state treasury.

The 31-page BGR report, which does not take a position on the state\'s plan, says Blanco should consider shifting more of the tax burden to the state, which the report says collected about $17.4 million in various taxes in 2004 as a result of the NFL team. In contrast, all metro area parishes combined collected only $10.1 million, the BGR says.

http://www.nola.com/news/t-p/frontpa...9411144150.xml

01-27-2005, 01:05 PM	#1
dberce1 Chuck Liddells Right Hand Join Date: Nov 2003 Location: Prairieville, Louisiana Posts: 1,227	Saints/State Deal Information Also found the following: Spare N.O. area brunt on Saints deal, study says State already receives two-thirds of tax revenue team generates Thursday, January 27, 2005 By Martha Carr Staff writer Considering that the state receives two-thirds of the tax revenue generated by the Saints, New Orleans should not be expected to bear the brunt of a new financial package that would keep the National Football League team in the city through 2025, according to a report issued Wednesday by the Bureau of Governmental Research. Gov. Kathleen Blanco has said the tax revenue to pay for a proposed $168 million renovation of the Superdome, which would allow the Saints to earn more revenue, must come from Orleans and Jefferson parishes, not the state treasury. The 31-page BGR report, which does not take a position on the state\'s plan, says Blanco should consider shifting more of the tax burden to the state, which the report says collected about $17.4 million in various taxes in 2004 as a result of the NFL team. In contrast, all metro area parishes combined collected only $10.1 million, the BGR says. http://www.nola.com/news/t-p/frontpa...9411144150.xml