(The Center Square) – Many major fund balances of Caddo Parish in Louisiana are in the negative, according to the August financials.
The Caddo Commission will review its monthly financials year-to-date during Monday’s work session meeting.
With the largest portion of general revenues for the year coming from ad valorem taxes, the parish has budgeted over $12 million in general revenues, approximately $1 million less than the prior year. There is an estimated $4.5 million in ad valorem taxes within the city and $4.2 million outside the city for the general fund…