BATON ROUGE – The State Bond Commission approved $307 million for projects statewide and saved taxpayers more than $10 million at its December 18 meeting, according to State Treasurer John Kennedy.
“We have saved taxpayers millions of dollars in interest on local projects. We will continue to generate savings where we can,” said Treasurer Kennedy. “We also approved borrowing that will increase the public library system’s footprint, renovate a courthouse, help with the price of timber and improve an electric utility system and port.”
Among the individual projects approved were:
- Bossier Parish, $94 million in Revenue Refunding Bonds for the Louisiana Community Development Authority’s city of Bossier City project: saving taxpayers $4.8 million.
The Louisiana State Bond Commission meets monthly to review and approve applications from parishes, municipalities, special taxing districts, and other political subdivisions of the State requesting authority to incur debt. For more information, visit www.LATreasury.com.