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Publication Date: March 2007
Publisher: Center on Budget and Policy Priorities (Washington, D.C.)
Author(s): Karen Lyons
Research Area: Banking and finance
Keywords: Economic projections; State budgets; Tax code; Income diversity
Type: Report
Coverage: Colorado
Abstract:
A proposed bill in South Carolina to limit state spending — H. 3295 —  contains the core element of Colorado’s Taxpayer Bill of Rights (TABOR).  It limits spending using a formula based on population growth plus inflation.  H. 3295 can therefore be expected to cause a deterioration in public services in South Carolina similar to that produced by TABOR in Colorado.