A new report from LANO highlights the potential danger of proposed changes to property tax policy in New Orleans and stresses the value of nonprofit services to the municipality. According to the report:
"The exemption from taxation on property devoted to charitable purposes is based upon the value returned back to public sector.
"The mission work of exempted nonprofits saves government the expense it would otherwise have to shoulder at a greater cost to the tax-payers without the nonprofit leverage.
"At a time when there is an increasing gap between the amount of public funds to address public expectations and need, further eroding the savings that are realized by nonprofit-public partnership seems ill-advised."