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Point: LR123 slows government growth with refunds for taxpayers

June 12, 2012

Editor’s note: In early June, District Judge Jeffrey Sherlock of Helena declared Legislative Referendum 123 an unconstitutional delegation of power by the Legislature to a legislative fiscal analyst acting on the entire body’s behalf and ordered it removed from the ballot. Sherlock said he expects his decision to be appealed to the Montana Supreme Court.

These guest editorials in support and against LR123 were written before Sherlock’s decision was issued.

LR123 is a referendum put on the upcoming November ballot by Montana’s Legislature. If approved by Montana voters, it would refund slightly less than half of any unanticipated state government windfall revenue back to the taxpayers. … Rebates of both property tax and income tax would go back to your wallet in direct proportion to the property tax and income tax you paid in the previous year. The rebates would not be allowed to corporations, only individual Montanans would qualify. And LR123 rebates would only kick in after a 25 percent budget cushion has been built up beyond the required budgeted ending fund balance.

Read more on GreatFallsTribune.com

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