Friday, October 14, 2005

The Runaway Spending Amendment

I haven't written about this at all but I need to in the next month. On the list of Top Ten Bad Ideas for New York State, this is number one with a bullet. Here is a great description of the Runaway Spending Amendment courtesy of Let Upstate Be Upstate or, whichever rolls better off your tongue.

For latecomers to the issue, some background: The Runaway Spending Amendment is a proposed constitutional amendment that will be put before New York's voters on Election Day next month. It is being touted by state legislators as "budget reform," but most fiscal-policy experts, think tanks, past state budget directors, current, past, and wannabe governors, editorial pages, and academic authorities on New York State government are condemning it with a wide range of objections. Our September study on the proposal concluded that it would virtually guarantee late budgets every year, make big budget gaps more frequent, and lead to even higher taxes and debt.

I would link to the whole write-up, they don't quite support permalinks yet. Write them and tell them they should.

The RSA is a BIG mistake. I hope that voters realize it.


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