Voters Narrowly OK Tax Refund Sacrifice
From Times Wire Reports
A ballot measure asking state voters to give up more than $3 billion in taxpayer refunds to stave off drastic cuts in spending on college education and healthcare for the poor was narrowly approved, officials said.
Referendum C would let the state keep an estimated $3.7 billion over five years that would otherwise be refunded to taxpayers under the Taxpayer’s Bill of Rights, the constitutional amendment generally considered the nation’s strictest cap on government spending.
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