Tax Cap on Ballot in Washington

Washington State's infamous anti-taxer, Tim Eyman, is up to his usual shenanigans. Initiative 1033 was approved by the Secretary of State's office last week and will appear on the ballot this fall. If approved, this sweeping " measure would limit the growth rate of state, county, and city general fund revenue, not including new voter-approved revenue, to inflation and population growth. Excess revenue collected above these limits would be used to reduce property taxes." The Washington State Budget and Policy Center points out that the real impact of I-1033 would be to constrict government's ability to provide for the needs of residents, increase the current deficit, and exacerbate the impact of economic downturns. Watch the Budget and Policy Center's slide show on the substantial flaws of the ballot initiative.