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Shreveport introduces $190 million water and sewer bond refunding ordinance for December adoption
Summary
Council was presented an introduction to an ordinance authorizing up to $190 million in water and sewer revenue refunding bonds aimed at lowering interest costs for ratepayers; final adoption is expected in December.
The Shreveport City Council heard an introduction on Nov. 3, 2025 of a general bond ordinance authorizing the issuance of not-to-exceed $190,000,000 in water and sewer revenue refunding bonds. A city presenter said the measure is an initial step to sell bonds that would refund three series of outstanding water and sewer revenue bonds and produce savings for ratepayers by securing lower interest rates.
The presenter said the refunding would not extend the terms of the existing bonds: “It’s not extending anything. It’s simply just getting a lower interest rate so that we can save the rate payers money,” the speaker told the council. The introduction was described as procedural; final adoption was scheduled for consideration in December.
The ordinance (listed in the introductions as Ordinance 151) includes standard provisions authorizing issuance in one or more series, prescribing terms and conditions, using a preliminary official statement, and engaging escrow and paying-agent services. Council members did not take a final vote on the ordinance at this meeting; the item remains on the calendar for a December final vote.
If approved, the refunding would be completed through normal bond sale and escrow verification processes. The council did not discuss specific projected dollar savings at the Nov. 3 introduction; the presenter described the anticipated outcome only as "a very good savings" for ratepayers.
