The Thomas Jefferson Institute does its fourth annual Fairfax County Budget Analysis and finds (surprise!) that the county government and school board could be using money more wisely. The TJ folks apply a TABOR-like spending restraint of inflation + population growth to the largest county budget in Virginia. They find that over the last four years, the county could have saved more than $300 million, but it's not the county government that's really the culprit.
"net overspending" has totaled $321,652,852 and the total overspending by the county during this period was only 16.8 percent of the total, or $54,125,080, while the school system accounted for 83.2 percent, or $267,527,772.
The study also offers tips for what could be done with saved money, such as raising teacher pay or funding school infrastructure needs without raising taxes. Let's just hope the Fairfax School Board members have no math-teaching aspirations.
Check here to find out what a decade of state-wide TABOR has brought the people of Colorado. The answer starts with "lots of" and ends with "their own money." The Heritage Foundation's Brian Riedl explains how a federal TABOR could bring all of us the same.