Shreveport may go to the market as early as June with the first tranche of $175 million of 20-year general obligation bonds approved by voters April 2.
In total, bond proceeds will provide $92.7 million for water and sewer projects, $44.3 million for streets and drainage efforts, and $38 million for public safety and parks.
The first tranche in June is expected to be $75 million to support the construction of two new fire stations and bring parks and city buildings into compliance with federal disability standards.
The projects were determined by a 16-member committee that reviewed requests from city department heads. The bonds will not require an increase in the city’s property tax rate.
Shreveport’s GO bonds are rated A1 by Moody’s Investors Service and A-plus by Standard & Poor’s.
The city has $240 million of outstanding GO debt. Shreveport is located in northwest Louisiana about 200 miles east of Dallas. It has a population of 200,000.
