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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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    File URL: http://www.bostonfed.org/economic/neppc/researchreports/2006/rr0603.htm
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    1. repec:kap:porgrv:v:18:y:2018:i:1:d:10.1007_s11115-016-0361-3 is not listed on IDEAS

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    Keywords

    Taxation ; Local finance ; State finance ; Tax and expenditure limitations ; Property tax;

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