Wednesday, November 02, 2005

TABOR in Virginia

Looks like a little bit of a debate on the impact of yesterdays vote in Colorado on the future of TABOR in Virginia is happening here and here. Interesting discussion. Norm also discussed TABOR in relation to last month's Tuesday Morning Group meeting. Thoughts out there?


At 11/02/2005 11:31:00 PM, Anonymous NoVA Scout said...

TABOR is a noble sentiment, but not a particularly useful piece in the machinery of government. It really bites hard against citizens to whom we have responsibilities in situations where recessions or other economic problems drive down revenue collections. When the economy rebounds, the state legislators cannot appropriately re-adjsut budgets to address essential state expenditures. I have sympathy with TABOR's core ideal, but wouldn't want it to protect my legislators against scrutiny from sharp-eyed, sharp-pencilled constituents.

At 11/03/2005 01:45:00 PM, Blogger MR JMS said...

Depends on what version of TABOR you are looking towards. The Colorado version did bring a ratchet down affect on the state government in times of recession.

Now, the current version of TABOR being pushed acorss the country seems to address this issue via a "stabalization fund". This will allow the state government to spend at a constant rate of growth, regardless of recession or boom time. This spending concept is already in place in Prince William county and has allowed the government to spend appropriately on the priorities they deem neccesary. Infact, many could say that the PWC BOCS is actually using a mini-TABOR in their guiding principles when budgeting. Question is though will that continue?


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