Constitutional Revenue and Spending Limits Is TABOR Good for Manitowoc County? Presentation at the League of Women Voters of Manitowoc County TABOR Forum November 18, 2004
Five Questions about TABOR
What is the Taxpayer Bill of Rights?
Goal #1: Slow Down the “Out of Control” Growth of Government Spending
PowerPoint Presentation
Slide 6
Slide 7
Slide 8
Goal #2: Cut Government Spending Wisconsin Has Too Much Government
Goal #3: Reduce the States High Tax Burdens (WI ranked 6th in Taxes in 2002)
Wisconsin State Tax Burdens 3 Major Taxes—1975-2003
State & Local Tax Burdens are now at a Historically Low Level
Goal #4: Reduce High Property Tax Burdens on Families and Individuals
Property Tax Levies Have Declined as a Percent of Income Over the Past Decade
Spending Limits are a Very Ineffective Way to Deliver Tax Relief
Goal #5: Reduce Taxes and Spending to Encourage Economic Development?
The Relationship Between State Per Capita Revenue and Per Capita Income
Business Taxes in Wisconsin are Relatively Low
Goal #6: Restrict Spending as a Means of Forcing Governments to Increase Efficiency
Goal 7: To Prevent State Fiscal Crises by Ending Boom and Bust Funding Cycles
What Will TABOR Do to the Growth of Spending?
If TABOR (Lasee) Had Started in 1986 The Impact on State Government Spending
State Spending Relative to Income With and Without TABOR (Lasee)
The Impact of TABOR (Senate Version) on State Government Spending
The Impact of TABOR (Senate Version) on School District Spending
The Impact of TABOR on Manitowoc Public School District
The Impact of TABOR (Senate Version) on Manitowoc County Spending
The Impact of TABOR (Senate Version) on City of Manitowoc Spending
The Impact of TABOR (Senate Version) on Village of Reedsville Spending
If Spending Grows Slower than Personal Income, Will Cuts in Public Services Follow?
If Spending Grows Slower than Personal Income, Will Cuts in Public Services Follow? (cont.)
Where Will the Cuts Come From?
Likely Impacts of Reductions in State Spending
Why Not Rely on Voters to Use Referenda to Exceed TABOR Limits?
Alternatives to TABOR Policies to Address the State’s Fiscal Problems
And Finally…
Author: Professor Andrew Reschovsky
E-mail: reschovsky@lafollette.wisc.edu
Homepage: www.lafollette.wisc.edu/facultystaff/reschovsky-andrew.html
Download Original Presentation (2.4 MB PPT)
Printable Version (.5 MB PDF)