re: Not much talk about Louisiana Constitutional Amendments, but a lot on the ballot

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Voting No on #5 means they have to use the maximum millage every 4yrs.

Voting yes, prevents this.

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Are you sure about that? From PAR:

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A VOTE FOR WOULD
Give local taxing bodies more time to decide if they want to “roll forward” millages that
increase property taxes paid by businesses and homeowners.

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CURRENT SITUATION
The Louisiana Constitution requires that all property be reappraised at least every four years and that millages be adjusted (rolled forward or rolled back) following reassessment so that tax collections stay the same as in the previous year, despite changes in property values or homestead exemptions. However, taxing bodies are allowed to restore rolled-back millages partially or fully by enacting a roll-forward, limited to the prior year’s “maximum authorized millage rate.”

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These maximum rates remain in effect until the next reassessment. A taxing body may enact a partial roll-forward in each or any year prior to the next reassessment if it does not exceed the established maximum rate. If the taxing authority doesn’t enact the roll-forward before the next reassessment, the maximum millage rate available to it drops to the millage level used at the time of the reassessment. There is no limit on the amount of tax collections a roll-forward can generate.

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PROPOSED CHANGE
The amendment would let taxing bodies roll forward their millage rates up to the maximum rate until that authorized millage rate expires, rather than until the next reassessment cycle of property. Expiration dates vary, but typically millage rates are enacted for longer periods than a four-year assessment cycle.

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My legalese isn't all that good but it reads to me like the bill allows for a taxing body to assess at the previous year's rate. If that rate was lower, good. But we're about to head into a period where property values are going to drop due to high rates on loans, meaning this could allow for higher taxation to last longer (again, if I'm reading it correctly).