All the fancy footwork in the world can’t hide the fact that as Bossier City plunges forward with creation of two new taxing districts it risks picking winners and losers among businesses and invites future elected officials to help themselves to increased tax collections.
This week, the City Council approved the boundaries of these. One gulps in the city’s four casinos while the other basically radiates out from the East Bank District to the Arthur Ray Teague Parkway to the south, to the Red River to the West, up to and over Texas Street especially along the river to the north, and to Hamilton Road and somewhat down Barksdale Boulevard to the railroad tracks the west, excluding some professional and industrial concerns and residences.
The ordinances fixed boundaries, and within these empowered the City Council to levy sales and occupancy taxes, established a management board in common for both headed by the head of the Greater Bossier Economic Development Foundation and eight others members (listing needed qualifications) appointed by the mayor, created a trust fund to hold collections from any avails which would be commingled, and defined uses for those funds in support of transportation, streetscaping, utilities, beautification, security, and for grants to new and existing businesses. Other details would come in the form of a cooperative endeavor agreement which it authorized the mayor to pursue.