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New Orleans may have improperly diverted millions in property taxes to pension funds

MAY 9, 2018 | by Charles Maldonado | THE LENS (LOUISIANA)

“The city of New Orleans may have improperly diverted millions of dollars in property taxes — meant for schools, drainage, public safety and neighborhood security — to several state retirement systems. … According to state Supreme Court rulings and an Attorney General’s opinion, local governments are not allowed to use property taxes for expenses not approved by voters.”

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