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Printable Form 433-B Shreveport Louisiana: What You Should Know
Budget Overview: β’ New tax rate reduction of 2% starting in 2025 (down from 5% previously). β’ 100 million in new General fund revenue to support continued operations of the City. β’ 40Β m increase in new general fund funds per year as a result of the 5% income tax rate reduction in 2019. β’ City reserves to meet annual operations requirements β’ Funding from Federal Government for additional operating expenses and capital improvement needs β’ Other revenues not available for budgeting β’ Annual budget process is simplified, with most funding sources made visible upfront. β’ No new funding source identified during the budget process. Additional resources are available for the City of Shreveport's operations. 2016β17 Annual Operating Budget β Shreveport, LA FY2016β17 Budget Summary β’ New tax rate reduction of 2% starting Jan 1, 2025 (down from 5% previously). β’ 100 million in new General Fund revenue for operations to support continued operations of the City β’ 40Β m increase in new general fund funds as a result of the 5% income tax rate reduction in 2019. β’ City reserves to meet annual operations requirements β’ Funding from Federal Government for additional operating expenses and capital improvement needs β’ Other revenues not available for budgeting β’ Annual budget process is simplified, with most funding sources made visible upfront. 40 million of the new revenue will be dedicated to the Police and Fire Pension Fund over the next 7 years; this fund has had a 15 million annual rate increase since FY 2013. Additional resources are available for the City of Shreveport's operations. FY2016 β 2025 Additional Resources The City of Shreveport needs additional revenue. Please contact us at (318) 368 β 2155. 2015β17 Additional Resources The City of Shreveport needs additional revenue. Please contact us at (318) 368 β 2155. 2015β16 Additional Resources The City of Shreveport needs additional revenue. Please contact us at (318) 368 β 2155. 2015β16 Additional Resourcesβ The City of Shreveport needs additional revenue. Please contact us at (318) 368 β 2155β. Budget Overview Shreveport has many ongoing problems and needs additional support to solve them.
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