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The Truth in Spending reform (SB 1051 and HB 2099), sponsored in the 2018 legislative session by Sen. John Kavanagh (Scottsdale) and Rep. Vince Leach (Oro Valley) will protect taxpayers by requiring the Legislature to send out a news release warning to taxpayers if it plans to increase state government spending faster than the projected rate of growth of population plus inflation.
Truth in Spending will serve as a "speed bump" for future legislators, letting them know when spending growth outpaces the ability of the state economy to pay for that spending. If Arizona had stuck to a spending guideline based on population plus inflation since 2003, our deficit problems would not have reached the crisis proportions they reached during and after the Great Recession. Truth in Spending would help keep Arizona off the spending rollercoaster that can destroy state finances.
The Truth in Spending reform (SB 1051 and HB 2099), sponsored in the 2018 legislative session by Sen. John Kavanagh (Scottsdale) and Rep. Vince Leach (Oro Valley) will protect taxpayers by requiring the Legislature to send out a news release warning to taxpayers if it plans to increase state government spending faster than the projected rate of growth of population plus inflation.
Truth in Spending will serve as a "speed bump" for future legislators, letting them know when spending growth outpaces the ability of the state economy to pay for that spending. If Arizona had stuck to a spending guideline based on population plus inflation since 2003, our deficit problems would not have reached the crisis proportions they reached during and after the Great Recession. Truth in Spending would help keep Arizona off the spending rollercoaster that can destroy state finances.