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Shreveport’s $200 million bond issue off the table

The call for an investigation into Shreveport's finance department comes after an external...
The call for an investigation into Shreveport's finance department comes after an external auditor found the city failed to file its 2018 payroll tax forms on time with the Louisiana Revenue Department. That cost the city hundreds of thousands of dollars in penalties. [Source: KSLA News 12]
Updated: Jan. 21, 2021 at 10:03 PM CST
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SHREVEPORT, La. (KSLA) - Shreveport Mayor Adrian Perkins announced a bond proposal last week to turn the city’s fortunes around financially.

The Shreveport City Council was expected to vote by Tuesday, Jan. 19 about adding the issue to the ballot for the special session. The resolution has since been withdrawn. The council has said the proposal was being rushed and that there was not enough evidence to support the idea.

“In consultation with members of the city council, the administration has decided to withdraw the resolution putting a General Obligation Bond on the April ballot. We will continue to work with citizens and the city council to craft a future package that suits the needs of Shreveport,” said Ben Riggs, communications director for the City of Shreveport.

The $206 million bond would have included funding for police and fire departments, roads, public facilities, public transportation, and other city improvements.

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