TABOR in Maine
Last month we featured a blog post about a TABOR (Tax Payer Bil of Rights) ballot referendum in Washington State. Well, it is on the ballot in Maine too.
Voters in the Pine Tree State will decide on Question 4 - The Maine Tax Relief Initiative. This is state's second vote on a TABOR provision, a similar measure was rejected in 2006.
Like other TABOR laws, the measure would cap government spending at the previous year's budget with and adjustments for inflation and population growth. Any spending over the set limit would require voter approval via ballot referendum. The cap applies to the general fund, but also special revenue funds like transportation. This proposal would use 2010, a year of significantly reduced tax revenue, as the baseline budget year.
Here are links to local organizations on both sides of the debate:
The Maine Chamber of Commerce has not taken a position on the issue. In a press release dated Sept 22, the Chamber announced that their board was unable to reach a consensus.