2022 Bills

SCR 7: Do Not Assume Spikes in Revenue Continue Forever

This bill passed the House 69-0 and passed the Senate 28-0. 

Libertas Institute supports this bill

Staff review of this legislation finds that it aligns with our principles and should therefore be passed into law.

Remember the stimulus checks, credits, and PPP loans many received in 2021? Would it be prudent for a family or business to budget assuming those will continue?

No, it wouldn’t — and similarly, state and local governments shouldn’t make the same mistake with the record-breaking spikes in revenue they received.

While there are a number of ideas circulating about what to do with the surpluses, Senator Lincoln Fillmore is sponsoring Senate Concurrent Resolution 7, a resolution that encourages something everyone should get on board with — don’t assume spikes in revenues will continue indefinitely.

Specifically, this resolution calls on counties, cities, and towns to consider above-trend revenue growth as one-time revenue as opposed to ongoing revenue. While this resolution is non-binding, it contains a much-needed message of fiscal responsibility.