A threatened de facto tax increase mainly on denizens in the Lake Charles area now seems set to wither away by the time incoming governor Republican Atty. Gen. Jeff Landry takes command.
That was the proposal by the outgoing Democrat Gov. John Bel Edwards to have tolls finance $1.3 billion of a projected $2.1 billion to construct a new Interstate 10 bridge across the Calcasieu River in Lake Charles, as well as perform some widening around its bases. The remainder of the money the state planned to leverage with a mix of state and federal dollars, primarily complemented by a $40 million a year revenue stream from the switchover of vehicle taxes from the general fund to transportation.
The plan announced this summer raised hackles immediately. The economics behind it weren’t all that bad, in that users rather than general taxpayers statewide would foot the bill, and likely it could have been completed at lower cost through a public-private partnership relying on tolls to keep the state’s maintenance costs close to zero for a half-century.