The New Orleans City Council voted down two property tax breaks for The Folger Coffee Co. on Thursday but punted its decision on four others into the new year. Hours later, the Orleans Parish School Board rejected all six of the companyâs applications for exemptions that could be worth as much as $25 million over 10 years.
The City Councilâs delay on four of the projects came as members were sharply divided between those seeking more time to bring in company representatives to explain the requests and those favoring an immediate rejection. A key undercurrent was the question of exactly how much revenue City Hall and other taxing agencies would be giving up if the exemptions were granted.