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How much Shreveport’s $242 million bond proposal could cost you

Shreveport residents will vote on Dec. 11, 2021 on five bond proposals.
Shreveport residents will vote on Dec. 11, 2021 on five bond proposals.
Published: Dec. 2, 2021 at 1:39 PM CST
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SHREVEPORT, La. (KSLA) - On Dec. 11, Shreveport residents will head to the polls to address a sweeping $242 million bond proposal that affects various aspects of the city’s operations.

The $242 million price tag includes improvements, issuance, and insurance.

The proposal is broken down into five separate propositions:

  1. Public Safety
    1. $70.65 million
  2. Technology
    1. $22.74 million
  3. Water, Sewage, and Drainage
    1. $64.7 million
  4. Streets
    1. $63.375 million
  5. Shreveport Public Assembly and Recreation (SPAR)
    1. $21.135 million

Click here for a breakdown of how the money would be spent, if approved.

Instead of voting on the proposal as a single package, taxpayers will decide which specific propositions they want approved. So in theory, some proposals may pass, while others may fail.

But how much is this going to affect your wallet? If any of five proposals are voted through, your property taxes, or millage rate, will increase. Millage is used to calculate property taxes.

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As the vote gets closer, there are mixed opinions on the propositions.

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KSLA has one-on-one with Mayor Perkins about Shreveport bond proposal

On Tuesday, Nov. 23, KSLA talked with Mayor Adrian Perkins one-on-one to discuss the bond proposal, specifically, Proposition 3, which proposes about $64.7 million to go towards water, sewer, and drainage.

ONE-ON-ONE: Mayor Adrian Perkins on Shreveport bond proposal
How money in the Shreveport bond proposal could help various city departments

There are a total of five propositions, totaling more than $236 million. Some of the propositions include money for public safety, streets, and parks and recreation, among other items.

2021 Shreveport bond proposal

According to city officials, the current millage rate is 26.588 for property owners. What you pay varies on the assessed value of the property.

To calculate what you pay on property taxes in Shreveport, do the following:

  1. Multiply the taxable assessed value of your home by 26.588
  2. Divide that number by 1,000

Here is a breakdown of how much each proposition, if passed, would raise the millage rate over 20 years:

  • Prop. 1 - 3.75 mills
  • Prop. 2 - 1.25 mills
  • Prop. 3 - 3.75 mills
  • Prop. 4 - 3.75 mills
  • Prop. 5 - 1.25 mills

If all five propositions are approved, the city millage rate would increase to 40.338.

To calculate what you could pay in property taxes if all five propositions pass, use the formula above, but multiply your home’s taxable assessed value by 40.338 instead of 26.588.

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