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TABOR-like revenue cap dies
A revenue cap is not headed to the November ballot.
The Taxation and Budget Reform Commission has just killed a weaker version of the cap which would have required two-thirds approval by local and state officials for any fee or tax. Proponents wanted a stronger cap, which tied revenue growth to population and inflation, but clung to hope today that the compromise plan would muster 17 votes.
It got 14.
"If you vote no today, you don't think government has a problem with spending," said commissioner Mike Hogan, the Duval County tax collector who sponsored the original proposal. "This is as good as we could get." His closing argument drew applause from the packed audience. But the vote also drew cheers.
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