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Lafayette Parish board backs Constitutional Amendment 3 to free funds for teacher pay raises
Summary
The board voted to adopt a resolution urging support for Louisiana Constitutional Amendment No. 3, which would consolidate three education trust funds to reduce teacher-retirement debt and free recurring funds for pay increases. State Rep. Josh Carlson and local educator groups addressed the board in support.
The Lafayette Parish School Board adopted a resolution supporting Louisiana Constitutional Amendment No. 3, which is scheduled for the May ballot and would consolidate three education-dedicated trust funds into a structure intended to reduce the Teacher Retirement System's unfunded accrued liability and generate recurring capacity for pay raises.
State Representative Josh Carlson told the board the three funds hold roughly $2 billion and currently produce limited…
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