INTRODUCTION While the preponderance of tax and expenditure limits (TELs) currently in place date back to either the “tax revolt” of the late 1970s and early 1980s or to a second minirevolt in the early 1990s, the combination of rapidly escalating real estate prices prior to the Great Recession and continued growth in property tax bills during the Great Recession led to numerous recent efforts to control the growth of state and local revenues. Since 2004, Taxpayers’ Bills of Rights (TABORs) have been promoted in 30 states. While none of these efforts have been successful, and the model for these proposals, Colorado’s TABOR, was rolled back in 2005, these efforts make clear that the goal of these TABORs-to provide tax relief for populations feeling increasingly burdened by tax collections, particularly the property tax-retains considerable popular support. Th us, while few new TELs have been enacted in the 21st century, the fiscal environment throughout the United States appears ripe for new fiscal constraint proposals. In fact, New York State enacted a property tax cap in 2011.
|Original language||English (US)|
|Title of host publication||Handbook of Research in Education Finance and Policy, Second Edition|
|Publisher||Taylor and Francis|
|Number of pages||16|
|State||Published - Jan 1 2014|
ASJC Scopus subject areas
- Social Sciences(all)