Current fiscal pressures, driven largely by pension and health care costs, have renewed policymakers’ interest in such tax and expenditure limits (TELs). But while substantial time, resources, and effort have been devoted to the enactment of TELs, the fiscal outcomes stemming from such tools have largely failed to live up to their promises.
Exactly how effective have TELs been in constraining state and local spending, and how can state and local officials curb budget growth more effectively? AEI’s Benjamin Zycher and a panel of TELs experts discuss the local and national implications of this new research Wednesday at noon. You can be part of the discussion online here.View the full size infographic