Senate Bill 11-1280 Testimony to the House Finance Committee Wade Buchanan, President April 21, 2011
My name is Wade Buchanan and I am President of the Bell Policy Center. The Bell Policy Center is a non-partisan public policy center and advocacy organization committed to making Colorado a state of opportunity for all. I am speaking today in opposition to HB 11-1280, which would reinstate the 6 percent annual growth formula for General Fund appropriations.
Almost three decades of constitutional amendments, legislative acts and economic ups and downs
To understand how Colorado finds itself in its current fiscal condition, it is helpful to look back at some critical decisions made by legislators and voters over the last 29 years, and at some of the economic and political factors that drove those decisions.
My name is Wade Buchanan and I am president of the Bell Policy Center. The Bell is a non-partisan public policy research and advocacy organization. I am speaking today in support of SB 09-228, to repeal the Arveschoug-Bird 6 percent formula and increase the legislature’s flexibility to appropriate General Fund revenues.
The Bell Policy Center is a nonpartisan public policy center and advocacy organization. I am speaking today in support of SB 09-228, to repeal the Arveschoug-Bird 6 percent limit on General Fund appropriations and increase the legislature’s flexibility to appropriate state revenues.
The Bell has been studying state fiscal policy since 2001, when we began researching the impacts of the Taxpayer’s Bill of Rights (TABOR). This work intensified with the economic downturn and the historic decline in state revenues during the first half of this decade.
(This report was updated to reflect the repeal of the Arveschoug-Bird funding formula in April 2009. It was passed out during a presentation by Wade Buchanan to the interim Fiscal Stability Commission on July 9, 2009.)
The road to 2009 Almost three decades of constitutional amendments, legislative acts and economic ups and downs
Take TABOR. Please. And while we’re at it, take Gallagher and Amendment 23 and the handful of other constitutional and statutory formulas that stand between us and a sane state budget. After a quarter-century of jumping from one ballot measure to the next, it's time to stop setting fiscal policy by formula.