It might be time to start taking a close look at the bond issue which is set to go before voters in Shreveport on November 16th.

In a KEEL poll published last week, 74% say they plan to vote against the bond proposals with 24% planning to support the package. The rest are undecided.

In case you want to pay attention to the details, here's what the council is expected to put on the ballot:

PROPOSITION NO. 1 (Water and Sewer)

Shall the City of Shreveport, State of Louisiana (the "City"), (a) incur debt and issue bonds, in one or more series, not exceeding the amount of Thirty Two Million Dollars ($32,000,000), not exceeding twenty (20) years from date thereof, with interest at a rate or rates not exceeding nine per centum (9%) per annum, if taxable and not exceeding seven per centum (7%) per annum, if tax-exempt (the estimated millage rate to be levied in the first year of issue is 2.01 mills), for the purpose of constructing, acquiring, and/or improving the water and sewer system and appurtenances thereto, and acquiring the necessary land or rights therein, equipment and furnishings therefore, which bonds will be general obligations of the City and will be payable from ad valorem taxes to be levied and collected in the manner provided by Article VI, Section 33 of the Constitution of the State of Louisiana of 1974 and statutory authority supplemental thereto?

PROPOSITION NO. 2 (Police, Fire and Spar)

Shall the City of Shreveport, State of Louisiana (the "City"), incur debt and issue bonds, in one or more series, not exceeding the amount of Seventy Six Million One Hundred Forty Thousand Dollars ($76,140,000), not exceeding twenty (20) years from date thereof, with interest at a rate or rates not exceeding nine per centum (9%) per annum, if taxable and not exceeding seven per centum (7%)per annum, if tax-exempt (the estimated millage rate to be levied in the first year of issue is 4.78 mills), for the purposes of constructing, acquiring, and improving public facilities and equipment for parks and recreations, public buildings, police department, fire department, and acquiring the necessary land or rights therein, equipment and furnishing therefore, which bonds will be general obligations of the City and will be payable from ad valorem taxes to be levied and collected in the manner provided by Article VI, Section 33 of the Constitution of the State of Louisiana of 1974 and statutory authority supplemental thereto?

PROPOSITION NO. 3 (Streets and Drainage)

Shall the City of Shreveport, State of Louisiana (the "City"), incur debt and issue bonds, in one or more series, not exceed the amount of Seventy Seven Million Eight Hundred Sixty Thousand Dollars ($77,860,000), not exceeding twenty (20) years from date thereof, with interest at a rate or rates not exceeding nine per centum (9%) per annum, if taxable and not exceeding seven per centum (7%) per annum, if tax-exempt (the estimated millage rate to be levied in the first year of issue is 4.89 mills), for the purpose of constructing, acquiring, and/or improving streets, highways, bridges, and drainage systems, and appurtenances thereto and 3 acquiring the necessary land or rights therein, equipment and furnishings therefore, which bonds will be general obligations of the City and will be payable from ad valorem taxes to be levied and collected in the manner provided by Article VI, Section 33 of the Constitution of the State of Louisiana of 1974 and statutory authority supplemental thereto?

We decided to do another poll and break these propositions into 3 like they will be on the ballot. How do you plan to vote?

 

 

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