State Budget Could Be Capped by “Gann Limit,” Preventing New Taxes
Editor’s Note: For a summary of how state legislators may be prevented by law from increasing taxes any further, this article by Jon Coupal is as good as any. In a nutshell, Prop. 4 (the “Gann Limit”), passed in 1979, then modified by Prop. 111, passed in 1990, limits increases in state and local spending...