A New Orleans City Council effort to gain final say over the tax incentives a public board issues for economic development projects has peeved some of that board’s members.
The Industrial Development Board, a nonprofit public corporation charged with vetting and awarding millions of dollars in tax incentives for certain projects, should no longer do so unless the City Council signs off on those projects, the council said in a December resolution.
The resolution also said that the board should hold off on issuing any new subsidies until Mayor Helena Moreno announces her economic development plans for the next four years…