Legislative Coverage
Proposed Spending Cap Amendment Moves to House Floor
A proposed constitutional amendment to cap state spending narrowly cleared a House Committee yesterday. The measure, sponsored by Republican Representative Carl Wimmer, would limit what the state can spend each year to the amount the state spent the previous year, but allow adjustments for inflation, deflation and population growth. It also requires surplus money to go into a rainy day fund and a modest refund to taxpayers. Wimmer says if a spending cap were implemented years ago, the state wouldn’t have to slash the budget today.
