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Staff outlines two constitutional amendments on April ballot: inventory tax changes and TRSL paydown
Summary
Committee was briefed on two constitutional amendments to appear on the April ballot: one affecting the inventory tax and another that would use state permanent funds to pay down the TRSL unfunded liability, with requirements for using savings to raise employee pay.
Staff summarized two constitutional amendments that will be on the April ballot and explained possible local effects. "The first one has to do with the inventory tax," the presenter said, and noted that if approved the parish will need to analyze options and impacts; staff will bring more detailed estimates as the election approaches.
The second amendment would allow permanent state funds to be used to reduce the Teachers’ Retirement System (TRSL) unfunded liability; the presentation said any realized savings would need to be applied to pay increases for certificated and non-certificated employees across the board. The presenter cautioned the version in the conference committee included additional restrictions compared with last year’s proposal and indicated that any effective date would likely not be before mid-2027, giving the parish time to plan.
Committee members discussed the inventory-tax magnitude — previously cited at about $30M for the parish but recently recalculated to roughly $14.15M because oil-price effects altered the base — and raised questions about what options the parish could pursue if the measure passes.
