HB38 by Representative Rick Edmonds brings sunlight to local school district spending by adding many school districts to the Louisiana Fiscal Transparency Website, LouisianaCheckbook.com, and requiring other smaller entities to post enhanced transparency on their websites. It is modeled after both Louisiana Checkbook and an existing project by the Lafayette Parish School Board to post...View Report
Many of our public pension systems operate outside the laws of reason and are usually motivated more by political interests than practical economics.
A study of the 100 largest public pension plans in the U.S. highlights Louisiana’s pension fund troubles.
Under a proposed constitutional amendment, at least 5 percent of surplus funds must be used to pay down unfunded accrued liabilities that existed as of June 30, 1988 for the Louisiana State Employees' Retirement Systems (LASERS) and the Teachers Retirement System of Louisiana (TRSL).