ATLANTA – (January 28, 2010) State Senator Bill Heath (R-Bremen) has Co-Sponsored Senate Resolution 20 – “Taxpayer Protection Act of 2011”. The proposed Constitutional Amendment would limit how many tax dollars the state of Georgia can spend in any given year.
“We have cut the state budget by billions of dollars over the last three years. We need to make sure it never again grows excessively. We need to replenish the rainy day fund and most importantly we need to ultimately cut the income tax rate. This is why I am proud to co-sponsor the Taxpayer Protection Act,” said Senator Bill Heath.
“Senator Heath is a champion for protecting the taxpayer of Georgia. I appreciate his support on this important issue. The Taxpayer Protection Act will protect future generations of Georgians from government growing too large.”, said Senate Majority Leader Chip Rogers, the sponsor of the Resolution.
Senate Resolution 20 would restrict the state from spending any money in excess of the previous year budget adjusted for inflation and population. Any additional revenue beyond the spending limitations would be required to go into the Rainy Day fund until it reaches a point of 10% of the previous year spending. Once the rainy day fund is at 10% additional revenue would be used to slowly phase-out the state income tax.
The Amendment was approved Wednesday by the Senate Finance Committee in a unanimous bi-partisan vote.
Sen. Bill Heath represents the 31st Senate District which includes portions of Paulding, Bartow, Haralson, and Polk counties.
PRESS RELEASE
For Immediate Release:
January 28, 2011
For Information Contact:
Natalie Strong, Director
Natalie.Strong@senate.ga.gov
404.656.0028