Principle Criteria
Free Enterprise
Property Rights
Personal Responsibility
Limited Government
Individual Liberty
Digest
HB 44 imposes a new limit on the rate of growth in both state and local government appropriations, tying increases to a formula based on population growth and inflation. It also requires any surplus revenue beyond this limit to be returned to taxpayers in the form of tax reductions. The Legislative Budget Board is tasked with enforcing and implementing these fiscal caps and procedures.
Author (1)
Steve Toth
Co-Author (3)
Terri Leo-Wilson
Janie Lopez
Tom Oliverson