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« Who Lobbies for Taxpayers? | Main | Boo Hoo » May 21, 2007Spending the Surplus Will Smash the Copeland Cap
In it, Lynn correctly points out that spending the surplus will mean breaking the state constitution's cap on the annual growth of state spending - a fact the mainstream media have avoided in their reporting on the surplus and various budget and tax stories. Lynn shows the media how to summarize the the Copeland Cap in two sentences: The Copeland Constitutional Amendment Cap restricts the rate of state budget growth to the estimated rate of growth of the economy. Thus, if the economy is projected to grow at 3%, constitutionally, this year's budget may only be 3% more than last year's budget.Lynn says spending the surplus will require breaking the cap "by two fold." None of Tennessee's major newspapers have yet found space to tell readers that information. Posted in Tennessee Government News
Comments
Okay, I am confused about a fine point of law. Seriously! If the budget were to violate the Copeland Constitutional Amendment, why could the budget not be challenged in court? I would think there was a non-profit tax watchdog group out there who could take on the job. It might be time for taxpayers to stand up for their rights!! There's a loophole in the Copeland Cap that they exploit. I explain it in my research paper on the history of the Copeland Cap, which you can download at this link: Spending Spree Posted by: Bill Hobbs at May 25, 2007 7:29 AMPost a comment
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Tennessee should return some of its huge tax revenue surplus to the taxpayers who paid it, says state Rep.