(The Center Square) – Shreveport city spending has increased by $153 million over the last five years across all major funds, according to city financial reports.
After reviewing monthly financial reports for Shreveport, The Center Square found that city spending has increased substantially since 2020. While revenues are increasing, the increase is not as substantial as the increase in spending.
By the end of 2020, the city brought in $201 million in general fund revenue and $139 million in nongeneral fund major revenue, totaling $340 million. The city spent $354 million that same year across all funds.
Spending jumped to $425 million in 2021 across all major funds, with $233 million in general fund expenses. The city brought in $235 million in general fund revenue and $160 million in nongeneral fund major revenue.
In 2022, expenses totaled $507 million, with $286 million of that from the general fund.
Expenses dropped to $484 million in 2023 but rose to $507 million the following year.
Despite the continuous increase in yearly spending, the city has remained under budget, which has also increased significantly over the years. In 2020, the city budgeted $498 million in all major fund expenses and encumbrances. By 2025, the budget hit $670 million.
The highest budget set by the city administration was in 2024, when the expenditure budget hit $692 million.
So far, there is $179 million in general fund revenue and $135 million in nongeneral fund revenues.
