And this is why the Louisiana left doesn’t win elections in aggregate.
The state’s electorate made subpar decisions to vote down Amendments #4 and #5 earlier this month, at the urging of the political left. The former would have changed the formula that computes the state’s annual spending limit and put a potential five percent cap on it, while the latter would have made it more practical for entities to enter into payment-in-lieu-of-taxes arrangements with local governments.
Neither would have made more than a marginal change. The new formula over the past few years would have resulted in smaller potential expenditures increases, and none of its results in recent years would have hit the proposed percentage cap – which, because of an up-and-down revenue picture never got close to hitting the overall dollar cap, which the Legislature twice moved downwards as permitted by a two-thirds vote. And PILOTs already are being constructed across the state, but some owners hesitate to transfer property title to the local governments in question.