Louisiana Association of Business & Industry is backing two constitutional amendments on the Nov. 2 ballot. The business group says it supports Amendment 4, which restricts how much non-elected bodies can “roll forward” millages. The amendment would cap the maximum amount at 2.5%. LABI also backs Amendment 6, which would require legislative approval to change the benefits of any public retirement system and call for a two-thirds vote of the Legislature, instead of a simple majority, to make changes in public retirement benefits that would entail higher costs. LABI took no stance on the other eight amendments.
LABI endorses two amendments
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