More than half of all states operate under some sort of state tax and expenditure limit (or TEL). And with nearly every state facing the most-serious fiscal crisis of a generation, these sorts of limits are increasingly talked about as a solution. But do they work? Are there nuances? What do states need to know before implementing one? How would a TEL affect your state?
Join us in two weeks for a panel discussion here at the Mercatus Center. We hope to address these issues and others. New York State Assemblymember Micah Kellner (D-65th) and Tax Foundation programmer and analyst, Nick Kasprak, will be speaking, as will I.
Mr. Kasprak and his colleagues have developed a really neat online tool to see the theoretical impact of TELs in each state. Check it out.
Assemblyman Kellner will talk about the fiscal troubles in New York and the potential impact of a TEL there.
I’ll be discussing recent research on the effectiveness of TELs, including my own recent paper.
If you can’t make it to Arlington in person, the event will be livestreamed on the event page.