Appropriations panel backs constitutional cap on recurring general‑fund spending and creates ‘Income Tax Elimination Fund’
The House Appropriations Committee reported favorable two companion measures that set a growth limit on recurring State General Fund appropriations and establish a fund to hold recurring revenue above that cap for future income‑tax reductions.
The full story
The House Appropriations Committee on Wednesday reported favorable, as amended, a constitutional amendment and a companion statute that together would limit recurring State General Fund appropriations and create a mechanism to set aside recurring revenue for future income‑tax reductions.
Sign up to keep reading.
Your free newsletter brings you what your city council, county, and school board discussed and decided.
or