Council Nixes Mayor’s Street Bond Proposal
October 26, 2011 10:38 AM 
Mayor Cedric Glover’s proposed $94-million bond issue to repair Shreveport’s crumbling streets has been defeated by the city council. But the council has acted to create a Streets Special Revenue Fund and a budget for it. That means that the additional $6-million dollars collected each year from the higher SWEPCO franchise fee will go directly into that fund to be used for street repair and replacement. But, for now, that money will be used on a pay-as-you-go basis — unless or until some new longer-range plan is adopted.
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