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Bonds to be Sold

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The Shreveport City Council has taken the first major step toward selling some of the bonds approved in the April second bond election.Voters on that date approved the sale of $175-million in bonds and the council has okayed the sale of the first $81-and-a-half million of that amount to pay for the most pressing projects identified by a Citizens’ Bond Committee. If everything stays on-track, the city could close on that bond sale as early as June first. Mayor Glover and other city officials are heading to New York City this week to try to get the best deal possible on those bonds. Right now, the city plans to sell the second round of those bonds in 20-12 and the final round in 20-13.

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