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re: Judge rules against St. George incorporation
Posted on 6/1/22 at 11:49 am to TigerAlumni2010
Posted on 6/1/22 at 11:49 am to TigerAlumni2010
quote:
I don't exactly understand why there should be legacy costs at all considering St. George will still be paying their 3% into the parish coffers, which should cover parish employees.
The judgment states that St. George would be paying 2% to parish coffers for the legacy costs, or $48 million. Legacy costs are $51 million, which would leave St. George with a $3 million shortfall. You don't make up that $3 million without some tax increase.
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