Taxpayers' Bill of Rights Spreads

From The Heritage Foundation's press room:

The Taxpayers' Bill of Rights is an approach to limit a state's spending. Too often, states let spending soar when times are good and then raise taxes--to maintain this newly essential spending--when the economy dips. The result: ever-growing government and too-high taxes.

The Taxpayers' Bill of Rights changes all this. Implemented as a constitutional amendment in Colorado, it limits the growth in state spending to the rate of population growth plus inflation. Any excess revenue collected above that amount is returned to taxpayers.