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May 4, 2004

Busting the Cap in Tennessee

NASHVILLE - Legislation that would enable the state of Tennessee to exceed its constitutional cap on the growth of state spending by $105.1 million this fiscal year is still pending in the House and Senate finance committees.

In the Senate Finance, Ways & Means Committee today, action on Senate Bill 3456 was deferred to tomorrow's meeting of the same committee. In the House Finance, Ways & Means Committee, action on House Bill 3549 was deferred to the first meeting of that same committee next week.

You can read all about the legislation, and why it makes a tax increase more likely in the future for Tennessee residents - and makes passing the proposed Taxpayers Bill of Rights more necessary than ever - by scrolling down to Monday's post, titled Tennessee Legislature Aims To Break Spending Cap - Again.

Posted in Tennessee Budget & Tax Policy | Linked By |
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