July 15, 2005

Tennessee Gets Low Mark For Fiscal Responsibility

Economist Dr. Barry Poulson, an expert in state government finance, spending and tax policy, has produced a new Fiscal Discipline Report Card for the states. Colorado, which has a constitional provision that limits the annual growth of state spending to a sustainably level and requires surplus revenue be sent back to taxpayers, got an A-. Tennessee, which has a nearly-toothless constitutional cap on the growth of spending, got a D.