Vox Populi? Oregon Tax and Expenditure Limitation Initiatives
Posted: 27 Feb 2005
This essay provides a brief history of tax and expenditure limitation initiatives in Oregon, along with a narrative of contemporary events. Largely as a consequence of the initiative's increased role in the formulation of Oregon's fiscal policy, State and local taxes paid by Oregon households declined from 7.4 percent of income in 1989 to 6.8 percent in 2003; state revenue, which is heavily dependent upon personal income taxes, has become increasingly income elastic; and local governments now rely on user fees to an almost unprecedented degree.
Keywords: referendum, initiative, tax limitations, expenditure limitations, cyclicality
JEL Classification: H71, H72, D72
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