What's Next for Caddo Bond Issue

Published 05/05 2014 06:29PM

Updated 05/05 2014 06:40PM

      Since the 23 million dollar bond issue was voted down in Caddo 77%, a new item is placed on Monday's Commission agenda. It's an ordinance to reduce the debt service millage from 1.75 to 1.50, kicking in June 1st. 

Caddo Parish administrator Dr. Woody Wilson says the reason the ballot question was asked again so quickly is because by law tax millage needs to be adopted by June. 

"We will not come back with this for another five years, it will be to a point where there's a gap to leverage to go out and issue continuing debt based on the 1.50," Wilson said. 

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