The Spending Cap Needs Some Repair (March 2008)

As currently written, the state's spending cap rules mean that public investment will inevitably ratchet down with each successive recession, that "catching up" after a recession with funding that the state's needs is more difficult, and that the state has greater incentives to borrow to pay for on-going services and forgo available federal funds. This brief discusses ways to repair the state's spending cap, one of the most restrictive in the nation. (March 2008)

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