Opposition to May 3 Caddo Parish bond vote

Opposition to May 3 Caddo Parish bond vote

Chairman of Caddo Republican Executive Committee urges 'no' vote.
Caddo Parish voters heading to the polls on May 3rd will be asked to renew an existing debt service tax. The bond renewal would secure $23-million in funding for capital improvements to roads, bridges, and parish buildings over the next five years.

Louis Avallone, Chairman of the Caddo Parish Republican Executive Committee is urging voters to vote 'no' despite many Republican commissioners endorsing a 'yes' vote.

"You're essentially wanting to go to each Caddo Parish family and tax them $333 dollars per family. Why, when you have $160-million dollars in the bank?" he questions.

Caddo Parish Administrator, Dr. Woodrow Wilson, confirmed Caddo has $160-million reserve dollars spread across 19 funds. 15 of the funds are dedicated use meaning four could be used to fund the $23-million in projects.

"A lot of people say, well spend that reserve away. That's tenamount to somebody going through their 401K plan when they have good credit," says Wilson.

Wilson says the money in reserve should continue to be used for economic development and a trust for catastrophic events.

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