Goodness, can’t paid local media people do a better job in important reporting?
Just posted on the KTAL website is this story: “Shreveport to save $2 million by refinancing water bonds.” This headline and story copy is incorrect—like by $6 million.
Shreveport bond attorney Mike Busade reported a net saving of $8 million expected from the water bond refinancing at the special Shreveport Council meeting yesterday morning.
These bonds were rated at A- when issued and will have a good resale value.
This action by the Arceneaux administration and the Council represents sound fiscal planning. The administration had considered a bond sale earlier this year but waited for better bond sale conditions that now exist.
These savings will help fund needed water/sewer upgrades over approximately five years of the sale.
John came to Shreveport in January of 1977 when he was transferred to Barksdale AFB.
He’s been active in Shreveport politics since deciding to make Shreveport his home.
John practiced law for 40 years and he now monitors local politics. He regularly attends Shreveport City Council and Caddo Parish Commission meetings.
John is published weekly in The Inquisitor, bi-monthly in The Forum News, and frequently in the Shreveport Times.
He enjoys addressing civic groups on local government issues and elections.