Protesters oppose DOGE cuts from coast to coast
Protesters across the U.S. gathered around the message that “Elon Musk has got to go.”
- Louisiana refinanced $116.875 million of General Obligation Bonds at a lower interest rate, saving taxpayers an estimated $8.77 million over 16 years.
- The Louisiana State Bond Commission approved funding for various projects across the state, including those in Caldwell Parish, New Orleans, and St. John the Baptist Parish.
- State Treasurer John Fleming emphasized the Treasury Department’s commitment to responsible and cost-effective use of taxpayer funds.
The Louisiana State Treasurer announced savings for taxpayers. Louisiana sold $116.875 million of General Obligation Bonds on March 11 at an interest rate of 3.045% to refinance outstanding bonds for the savings.
The total transaction reduced the state’s general obligation debt by $8.77 million through the fiscal year 2037. The annual savings is estimated to be $674,000 per fiscal year.
“I am proud of our department’s dedication and commitment to serving the people of Louisiana,” Louisiana State Treasurer John Fleming said.
The Louisiana State Bond Commission approved funding March 20 for a variety of projects across the state, including:
- Caldwell Parish Police Jury, Library Project
- Finance Authority of New Orleans
- Plaquemines Port, Harbor & Terminal District
- St. John the Baptist Parish Council, Sales Tax District
- St. John the Baptist Parish Law Enforcement District
“Our Treasury Department thoroughly examines every funding request to ensure it is appropriate, cost effective and safeguards taxpayer funds,” Fleming said.
According to the Louisiana Treasury Press Office, The State Bond Commission receives applications from parishes, municipalities, special taxing districts and other political subdivisions of the State requesting authority to incur debt or levy taxes.
Money for projects is borrowed from banks or other investors and is paid back. These applications are reviewed for compliance with Constitutional and statutory requirements and feasibility, including the ability to repay any indebtedness incurred.
Makenzie Boucher is a reporter with the Shreveport Times. Contact her at mboucher@gannett.com.
