I hear.

The State Senate will form a Study Committee to examine a Taxpayer’s Bill of Rights(TABOR) to limit the State’s budget growth. Rep. Donna Sheldon leads a similar committee in the House. I hear an announcement will be made Monday, but being crossover day, that could change.

UPDATE:  Here’s a link to the Senate Resolution forming the study committee.  It’s important to note that now both candidates for Lt. Governor are pushing statutory budget limitations.  Also, know that former US Senate candidate Herman Cain was also at the press conference in support of the committee.

11 comments

  1. Bull Moose says:

    I think it’s a political gimmick and has no business being public policy…

    If legislators want to abandon their constitutional responsibility to a formula than they should retire from office.

  2. buzzbrockway says:

    I think ethics rules are political gimmicks.

    If legislators want to abandon their moral responsibility to a list of rules then they should retire from office.

    Following your logic Bull, my statement above makes perfect sense. Also, how about the balanced budget requirement? Should we not do away with that as well? Surely our Representatives will live within their means.

  3. buzzbrockway says:

    chrisis…,

    Colorado has a ballot initiative process and opponents of TABOR used this to exempt education and State employee pensions from the TABOR limits. This created a huge budget problem (creating unfunded liabilities of almost $24 billion) prompting voters to support suspending the TABOR limits for five years. Wether or not this will solve the problem is anyone’s guess, but I’m not optimistic as the propensity politicians have for spending crosses party and ideological lines.

    There are lessons to be learned (from Colorado’s situation) for Georgia and the dozens of other States considering TABOR style spending limits , not the least of which is that exempting huge portions of your budget from spending controls, while trying to keep the overall budget under control, creates massive budget crises.

  4. Bull Moose says:

    A balanced budget requirement and capping of revenue aren’t the same thing BUZZ. The main function of the government is the budget.

    I’m sorry, but the idea of a formula for spending is just crazy. The outcome in Colorado was that it created such a mess that the voters through out the party that enacted it. It’s nothing but a political gimmick.

    What we need are fiscal conservatives who can legislate with common sense.

    Again, if they need a formula and can’t keep things in bounds without a formula than there is no point in having a legislative body in the first place.

  5. Harry says:

    Eliminating the Georgia individual and corporate income tax would lead to a tremendous economic renaissance. We could retain and attract wealthy retirees and profit-making corporations into this state.

  6. Bull Moose says:

    I’m not in favor of run away budgets at all, but why eliminate to a formula the function of the legislature?

    That is why we elect people to office.

    If we’re going to dumb it down to a formula then why not just get rid of the legislative body all together???

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