The City of Bogalusa was on the Agenda at the Louisiana State Bond Commission meeting on July 17, 2025 for approval of two items. Both were approved.
1) City of Bogalusa - Not exceeding $1,500,000 Revenue Anticipation Notes, not exceeding 6% variable rate, mature no later than March 31, 2026, current expenses. This is a short-term line of credit used to bridge the gap between consistent operating expenses throughout the year and the annual collection of property taxes. The line of credit will be available as needed and fully repaid by March 31, 2026.
2) City of Bogalusa (DEQ Project) - Not exceeding $1,750,000 Taxable Sales Tax Bonds, not exceeding 0.95%, not exceeding 22 years, constructing and acquiring additions, extensions and improvements to the sewage collection, treatment, and disposal system, including but not limited to the acquisition and installation of two replacement open screw pumps. This bond (loan) includes a 20% principal forgiveness and has an annual repayment of $77,629. Currently, monthly costs to the City is $18,000 to $30,000 for emergency equipment needed for failed lift pumps. (The City incurred $226,223 in 2024 and $140,778 so far in 2025). This bond will eliminate emergency leasing costs and restore reliable operation of the treatment plant.
The applications to the State Bond Commission has been a topic of discussion at recent City Council meetings. The applications were proposed by Fiscal Administrator Robert Neilson but opposed by Mayor Tyrin Truong.
The video below consists of the introduction of the matters, discussions, and voting.
Wrong on the pump situation
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