Our 11th annual Legislative Quotient™ ranks state governments in terms of their positive impact on their state’s business climate.

2005 LEGISLATIVE QUOTIENT ™: Is Your State Keeping its Financial House in Order?

When Colorado voters decided earlier this month to approve a five-year hiatus to the state’s Taxpayer Bill of Rights (TABOR) law, it was just the latest in a nationwide series of political skirmishes over taxes and spending. TABOR, which was passed by Colorado voters in 1992 in an effort to reign in spending, restricts growth in state spending to the rate of population increase, plus inflation. Score one for the spenders.

Two years ago, the entire world sat spellbound by the spectacle of California voters recalling Gov. Gray Davis and replacing him with Arnold Schwarzenegger. Score one for the tax cutters.

Full Rankings: http://www.expansionmanagement.com/smo/DocReserve/DocReserve_Content/2-2005%20Legislative%20Quotient%20State%20Ranking.pdf

By: Bill King, Chief Editor

Full Story: http://www.expansionmanagement.com/smo/newsviewer/default.asp?cmd=articledetail&articleid=16832&st=3