Measure on the ballot in the 2020 Louisiana State Primary and Presidential General Election in Louisiana.
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Get StartedThis measure would amend the State Constitution to establish a Budget Stabilization Fund, also known as a Rainy Day Fund, and allow for the use of the Fund for state costs associated with a disaster declared by the federal government.
A "YES" vote on this measure is a vote in support of amending the state constitution to establish a Budget Stabilization Fund, also known as a Rainy Day Fund, and allow for the use of the Fund for state costs associated with a disaster declared by the federal government.
A "NO" vote on this measure is a vote opposing to amending the state constitution to establish a Budget Stabilization Fund, also known as a Rainy Day Fund, and allow for the use of the Fund for state costs associated with a disaster declared by the federal government, thereby maintaining the restricted use of the funds in line with deficits and budgeted forecasts.
"It is to allow the state of Louisiana to stand itself up in a federally declared emergency and not wait for FEMA or the federal government or anyone else to bail us out.", in support of Proposed Amendment No. 3 (Learn more)
"This new method of tapping the fund would be used way too frequently and undermine the original purpose and function of the Rainy Day Fund, which is to temper the state budget in times of revenue surges and boost the budget when revenue unexpectedly falls or economic cycles turn downward. The fund is already designed to handle state financial problems appropriately even in the case of disasters.", in opposition to Proposed Amendment No. 3 (Learn more)
Do you support an amendment to allow for the use of the Budget Stabilization Fund, also known as the Rainy Day Fund, for state costs associated with a disaster declared by the federal government? (Amends Article VII, Section 10.3 (C)(3) and (4); Adds Article VII, Section 10.3(A)(5) and (C)(5)).
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