Audit says fire district collected too much tax - KSLA News 12 Shreveport, Louisiana News Weather & Sports

Audit says fire district collected too much tax

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GRAND CAILLOU, La. (AP) - A state audit says the fire district that oversees the Grand Caillou Volunteer Fire Department has been over-collecting a property tax to pay off a bond debt.

The Courier reports (http://bit.ly/1mXSLlv) the audit released by the state legislative auditor's office found the tax yielded Terrebonne Fire District 4A $743,965 in 2013 to pay a bond debt of $420,000.

The property tax is meant to be adjusted annually to generate just enough money to pay off the debt, the audit says.

Auditors say the over-taxation is not illegal and is caused by the district's failure to adjust the millage rate.

The report suggests the district should discontinue the tax and use its existing debt-service fund of $460,095 to pay the remaining bond debt and interest due.

Information from: The Courier, http://www.houmatoday.com

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