Economist Urges Wyoming To Adopt Spending Limits

CHEYENNE, Wyo. (AP) - A Colorado economist says Wyoming should adopt a "taxpayers bill of rights" to limit spending.

The University of Colorado's Barry Poulson told the Wyoming Legislature's Interim Revenue Committee Tuesday that spending has increased at an unsustainable rate over the past decade.

Colorado voters approved their own Taxpayer's Bill of Rights, or TABOR, in 1992. The constitutional amendment limits taxes and spending and requires that excess revenue be refunded to taxpayers.

Colorado voters in 2005 approved a TABOR time-out so state programs could recover from a sharp downturn.

Some Colorado lawmakers say TABOR and other, conflicting mandates have crippled their ability to deal with budget problems.

view counter