This new Civitas article discusses more reasons why North Carolina needs a Taxpayer Bill of Rights (TABOR). In short, long-term state budget trends look like a roller coaster: long, dramatic climbs followed by sudden drops. When times are good and revenue is flowing, state lawmakers aggressively expand the state budget. Then when recession hits, panic sets in [...]
House Bill Introduces Meaningful Spending Reform
House Bill 188 – Taxpayer Bill of Rights – filed yesterday in the House would create a much-needed measure to reform state spending. The Taxpayer Bill of Rights (or TABOR) would amend the state constitution in order to restrict North Carolina’s unsustainable growth rate of state government spending. Here’s how it would work: The bill would create [...]
