There are seven constitutional amendments on the Nov. 3 ballot. Those items are often overlooked in a general election, all the more so during a hotly contested presidential contest.
All the way up to Election Day, we’ll be asking readers to sound off on the amendments. You can check out our cheat sheet guide to all seven here.
Amendment #7 on the Nov. 3 ballot, would create a trust fund for unclaimed property. Currently, money unclaimed by taxpayers is pulled into the general fund to pay for government services. For decades, Louisiana has collected more unclaimed money than it pays out, though the gap is shrinking. The proposal would roll the unclaimed money into a trust fund as investment principal. Gains on those investments would pay into the state general fund, but the principal would remain available to pay claims. The plan is the result of a compromise between the governor and Louisiana’s treasurer.
How do you plan on voting? Tell us below. We’ll publish the survey results in the next edition of The Wire. (Sign up here if you haven’t already!)
News + Notes
State freezes $15M in dispute over LCG retirement
Billed as a way to save millions, LCG’s withdrawal from the state municipal pension system has been a drawn-out, messy affair that’s now headed for court.
City Council passes Guillory investigation to legislative auditor
The council’s contracted auditor turned over its findings, which will remain confidential until and unless the LLA decides to release them.
Registration requirements likely for Lafayette short-term rentals
Requiring short-term rentals to register with the city is a likely compromise, but operators and opponents remain divided on restrictions like conditional permitting.