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Reading the fine print: how details matter in tax and expenditure limitations

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  • Heather Brome
  • Darcy Rollins Saas

Abstract

At least 30 states, including Connecticut, Maine, Massachusetts, and Rhode Island, operate under ?tax and expenditure limitations? (TELs): formula-based budgeting requirements that apply specific limits to expenditures, appropriations, or revenue collections by state or local government. More than a dozen states considered TELs in 2006. Legislation proposing a new TEL to further limit General Fund appropriations in Rhode Island was introduced; Maine citizens will vote on a more restrictive TEL this November. ; Several factors, including a desire for lower taxes and a belief that additional measures are needed to keep government spending in check, drive this interest in TELs. This paper discusses such arguments.

Suggested Citation

  • Heather Brome & Darcy Rollins Saas, 2006. "Reading the fine print: how details matter in tax and expenditure limitations," New England Public Policy Center Research Report 06-3, Federal Reserve Bank of Boston.
    • Handle: RePEc:fip:fedbcr:06-3
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    Cited by:

    1. Jeffrey M. Kulik & Natalia Ermasova, 2018. "Tax Expenditure Limitations (TELs) and State Expenditure Structure in the USA," Public Organization Review, Springer, vol. 18(1), pages 53-69, March.
    2. Richard Woodbury, 2009. "The struggle for tax reform in Maine, 2003-2009," New England Public Policy Center Discussion Paper 09-2, Federal Reserve Bank of Boston.
    3. Lindsay N. Amiel & Steven Deller & Judith I. Stallman, 2012. "Economic Growth and Tax and Expenditure Limitations," The Review of Regional Studies, Southern Regional Science Association, vol. 42(3), pages 185-206, Winter.

    More about this item

    Keywords

    Local finance; state finances; Property tax; Tax and expenditure limitations; Taxation;
    All these keywords.

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