Economic Development Districts (EDDs) are special governmental units with geographic boundaries funded by sales or property taxes, which are then used to invest in infrastructure projects to spur economic development. They have been sold as a unique way to raise funds for such projects in Louisiana, without raising taxes for everyone. An EDD can raise people’s taxes without their approval if it excludes addresses with registered voters, meaning no public vote is required. This enables the city council to add a sales tax to any business in the city without a registered voter living there, without having to go through public voting.

Although the intent is to revitalize and promote economic development, there is skepticism about the effectiveness of EDDs, given the unfavorable history with such districts in Lafayette. The Lafayette Public Trust Financing Authority administers EDDs, and although anyone can submit an EDD project application, the impact these EDDs have on the community appears to be minimal, other than taking money from taxpayers.

If you have any queries or need assistance regarding EDDs, you could visit www.eddcaller.com for more detailed information about EDDs, their implementation, and learn about the processes. In case you have a project proposition for an EDD, the website provides assistance on submitting an EDD project application. You can also gain access to the schedule of public meetings of the EDD boards to air your concerns or contribute to their proceedings. Overall, for residents and businesses alike, the Eddcaller.com website can be a valuable resource for understanding Lafayette’s EDDs and their impact on the community. It also provides guidance on how to contact an EDD representative for more information or assistance.