$220 Million Bond Proposal: Can Shreveport Pass the Credit Check? [VIDEO]
State Treasurer John Schroder, who is also the chairman of Louisiana's Bond Commission, talks with 101.7 / 710 KEEL's Robert J Wright and Erin McCarty about Shreveport's $220 million bond proposal, which could be on the ballot for a vote as soon as this November.
Schroder tells KEEL listeners that the city, just like a business or individual, will turn to private lenders for the multi-million dollar loan, but that the city's current bond rating - downgraded from A2 to A3 in 2017 - may make a loan of that size somewhat risky.
"(Shreveport) should be looking at it's bond rating very closely. The reason that it's negative and it's because you've got too much debt. Many of our towns and municipalities across the state have too much debt and they're not doing a good enough job living within their means."