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Tax Limits

While the preponderance of tax and expenditure limits (TELs) currently in place date back to either the “tax revolt” of the late 1970s and early 1980s or to a second minirevolt in the early 1990s, the combination of rapidly escalating real estate prices prior to the Great Recession and continued growth in property tax bills during the Great Recession led to numerous recent efforts to control the growth of state and local revenues. Since 2004, Taxpayers’ Bills of Rights (TABORs) have been promoted in 30 states. While none of these efforts have been successful, and the model for these proposals, Colorado’s TABOR, was rolled back in 2005, this action at the state level signifies the continued prominence of TELs in the policy debate.

TABORs, as well ...

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