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Wednesday, July 17, 2019

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Voters to decide proposed amendments in October

Voters to decide proposed amendments in October

Along with state and local races on the October 24th primary ballot, voters will also decide the fate of four proposed amendments to the state constitution and two parish millage renewals.

The first proposed amendment would change the name of the Budget Stabilization Fund and increases the base amount to be deposited into that fund every ten years.

The second proposed amendment would allow for the investment of public funds to capitalize a state infrastructure bank with the monies to be used solely for transportation projects.

Proposed amendment number three would allow legislation regarding the dedication of revenue, rebates and taxes to be considered during a fiscal legislative session.

Currently, legislative sessions beginning in odd numbered years have very narrow parameters as to what subject matter is allowed to be introduced. This amendment would slightly broaden those parameters, allowing more flexibility to the legislative process.

Proposed amendment four would provide that land or property owned by another state or the political subdivision of another state should not be exempt from ad valorem taxation in this state.

Currently, lands owned by other states or other states’ political subdivisions are not subject to ad valorem taxes in Louisiana.

Locally, parish voters will be asked to consider two millage renewals for the parish library system.

The first proposition would be a renewal of 1.65 mills annually for a ten-year period beginning in 2017. This would generate approximately $1.6 million a year and would go towards operations of the system.

The second library renewal on the ballot calls for 4.06 mills, also set to begin in 2017, which will generate approximately $4 million annually and would also be used for operations, upkeep and technology purchases for the library system.

Election day is October 24.