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« The Left's Assault on the Golden Age of Media | Main | Trunk Show: Poll Dancing » May 8, 2007Busting the Cap, Again
And what will happen to that money? It will be spent. Even if the governor has to ask the legislature to break the Copeland Cap to spend it. Oh, wait. He already did and the legislation is pending, ready to be amended with how ever much additional spending the giant surplus enables. The only question now is, by how much will Bredesen ask the legislature to exceed the Copeland Cap? For background on the state constitution's Copeland Cap limiting the growth of the state budget, and how the legislature and governor make future tax increases more likely by ignoring it, see Spending Spree: The Bipartisan Assault That is Killing The Constitutional Cap on the Growth of Tennessee's State Budget (9-page PDF file). Updates: The Knoxville News Sentinel explains the surplus. ... Kleinheider has a collection of links to blog coverage. ... Posted in Tennessee Government News
Comments
Ah, yes, we had a good one in 2004 in Virginia. Mark Warner (D) told of how the Commonwealth of Virginia was in a "budget crisis." he got his fellow Dems and a few RINOs to raise our sales tax from 4.5 to 5% (the Virginia Senate leaders are all RINO). Warner didn't give much in the way of supporting statistics. Right after it all passed, it turned out we had a surplus. We are still stuck with a higher tax rate, and spending growth that easily exceeds inflation and population growth under Warner's successor, Tim Kaine. Yes, all these surpluses get spent. Misery loves company, I guess. Posted by: Ron at May 8, 2007 12:07 PMPost a comment
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