Caddo Eyes School Debt

The trustees of the Caddo Parish Parishwide School District are scheduled to vote Jan. 17 on whether to call an April 21 election on a $133.8 million general obligation bond plan.

School officials said the debt would not require an increase in the district’s property tax.

Voters in 2004 approved $88 million of GO bonds, which have been issued. The district’s $90 million of outstanding GO debt is rated Aa3 by Moody’s Investors Service and AA-minus by Standard & Poor’s.

The northwest Louisiana school district, which includes Shreveport, has 42,000 students.

The Bossier Parish Parishwide School District, a neighbor of the Caddo district, plans to ask the State Bond Commission this month for permission to hold a bond election in April.

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Louisiana
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