Day 45 - Nearly done
The Legislature shuts down tonight at midnight. This has been a very good year for taxpayers, education, and transportation.
Starting Monday, we'll be posting summaries every day on major taxpayer issues addressed by the 2007 Legislature. We'll cover the following issues:
Tax Reform
- Individual income tax reform and tax cut
- Sales tax reductions
- Business tax cuts
- Other tax changes
- Impact on households
When measuring impact on households, we'll look at changes in terms of effective tax rates and dollar amounts. As basis for comparison, we'll use the tax system that existed prior to last year's changes. This will quantify the cumulative effect of last year's tax changes and this year's tax changes.
Education Reform
- Vouchers
- Differential pay
- Other changes
Transportation Reform
- Congestion pricing
- Earmarking
- Non-earmarked general fund sources for transportation
Government Growth
- Minimum school program
- Total K-12 education
- Total budget
