Gann Limit

Apr 23, 2026 - 00:59
0 0
Gann Limit

Linkified appropriations and California

← Previous revision Revision as of 19:27, 22 April 2026
Line 1: Line 1:
{{Short description|California tax law}}
{{Short description|California tax law}}


'''Gann Limits''', a form of appropriations limit, are caps on government budgets in California. These caps apply to the state government of California and to local governments like cities and school districts. Gann Limits forbid governments from spending more than a certain amount per year. They also forbid governments from bringing in more tax revenue than they would be allowed to spend. With some exceptions, a government that brings in too much tax revenue over a two-year period is required to cut taxes for future years. The limits are adjusted for inflation and population growth.{{Cite book |last1=Sears |first1=David O. |title=Tax revolt: something for nothing in California |last2=Citrin |first2=Jack |date=1982 |publisher=Harvard University Press |isbn=978-0-674-86835-9 |location=Cambridge, Mass |pages=34–35}}{{Cite news |last=New |first=Michael J. |date=October 28, 2004 |title=The Gann Limit Turns 25 |work=Investor's Business Daily}}{{Cite book |last=Kousser |first=Thad |title=Fiscal Challenges: An Interdisciplinary Approach to Budget Policy |last2=McCubbins |first2=Mathew D. |last3=Rozga |first3=Kaj |publisher=Cambridge University Press |year=2009 |isbn=9780521140096 |editor1-last=Garrett |editor1-first=Elizabeth |editor2-last=Graddy|editor2-first=Elizabeth A.|editor3-last=Jackson|editor3-first=Howell E.|chapter=When Does the Ballot Box Limit the Budget?}}
'''Gann Limits''', a form of [[appropriations]] limit, are caps on government budgets in [[California]]. These caps apply to the state government of California and to local governments like cities and school districts. Gann Limits forbid governments from spending more than a certain amount per year. They also forbid governments from bringing in more tax revenue than they would be allowed to spend. With some exceptions, a government that brings in too much tax revenue over a two-year period is required to cut taxes for future years. The limits are adjusted for inflation and population growth.{{Cite book |last1=Sears |first1=David O. |title=Tax revolt: something for nothing in California |last2=Citrin |first2=Jack |date=1982 |publisher=Harvard University Press |isbn=978-0-674-86835-9 |location=Cambridge, Mass |pages=34–35}}{{Cite news |last=New |first=Michael J. |date=October 28, 2004 |title=The Gann Limit Turns 25 |work=Investor's Business Daily}}{{Cite book |last=Kousser |first=Thad |title=Fiscal Challenges: An Interdisciplinary Approach to Budget Policy |last2=McCubbins |first2=Mathew D. |last3=Rozga |first3=Kaj |publisher=Cambridge University Press |year=2009 |isbn=9780521140096 |editor1-last=Garrett |editor1-first=Elizabeth |editor2-last=Graddy|editor2-first=Elizabeth A.|editor3-last=Jackson|editor3-first=Howell E.|chapter=When Does the Ballot Box Limit the Budget?}}


== Origin ==
== Origin ==
Read More