|
The only time I've
spent in Colorado has been limited to wandering through the Denver International
Airport. Which is to say for all intents and purposes I've never been
to Colorado. Yet without an intimate knowledge of the Rocky Mountain state,
I can tell you in some ways I want Georgia to be more like Colorado.
Georgia and Colorado are very similar in
many aspects. We each have one major city that drives the state's economy,
Atlanta and Denver. We're each growing rapidly. During 2002, Georgia was
the fifth fastest growing state followed by Colorado at number six. Finally,
we both seem to have a lot of traffic. Georgia is ranked seventh in what
is known as "Average Daily Traffic per Lane" while Colorado is eleventh.
So you are probably wondering, what's the
difference, besides some mountains and some snow? It's a philosophy of
how you budget money and what it means for jobs. I know many of you might
not want an in-depth look at state budgeting and believe me I don't wish
to offer one. This is more like the story of the ant and the grasshopper.
If memory serves me correctly, the ant saved his food and lived well all
winter while the grasshopper wasted his and paid the ultimate price.
In 1992, Georgia state government entered
into a spending spree like we've never seen before. At the same time Colorado
passed, what I believe is the model for how governments should operate,
the Taxpayer Bill of Rights, otherwise known as TABOR.
Let's look at the 10-year period from 1992
to 2001. We see that Georgia spending more than doubled. Yes, we had many
new residents and there was some small inflation, but when you combine
those factors, it should have only resulted in an increase of 50% in spending
not over 100%. Every new program one could think of was enacted. The tax
money was flowing into state coffers and the General Assembly found a
use for every dollar and then some. By the time the party had come to
an end, we had spent ourselves into a hole.
Now we look at Colorado. Their Taxpayer Bill
of Rights says you can't spend yourself out of control like Georgia. In
fact, the state budget growth is limited by the state constitution to
the rate of inflation plus the increase in population. And better yet,
if a budget surplus results, the money must be given back to the taxpayers
in the form of a rebate check unless they, the taxpayers,
vote to spend it on some urgent need. In just a five-year period between
1997 and 2002, Colorado issued rebate checks of $3.2 Billion. In 2001,
the
|