Revenue bonds could pave way for better streets

Published On: Oct 02 2012 06:29:55 PM CDT   Updated On: Oct 02 2012 07:08:26 PM CDT

City leaders are looking to do something about the crumbling streets in Shreveport.
Now,  the idea of borrowing more money to repair the streets has come back.

The funding source would likely be the Streets Special Revenue Fund, which comes from the SWEPCO franchise fee. But that only takes in about six million dollars a year. And the money is usually split up seven ways.

Shreveport Assistant Chief Administrative Officer Brian Crawford says the city could re-visit the possibility of issuing a revenue-based bond to be paid off with the franchise fee money.

City council members voted down a similar measure last year, citing a desire not to incur more debt.

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