According to a news release from the City of Shreveport, the city is increasing the contributions made toward its retirement system in order to ensure there will be sufficient funds to pay benefits far into the future.
The Shreveport City Council approved by a 6-1 vote the annexation of 83 acres of land east of Wallace Lake Road and northwest of Southern Trace. But there are concerns about the city's continuing annexation.
The focus of today's Haynesville Shale Committee meeting will be to discuss a request by Exco, representing Cypress Energy Corporation. It's asking for Shreveport to agree to reduce royalty payments, or to place all royalty payments in suspense on 80 acres until the question of ownership has been resolved...
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