An analysis by the non-partisan Legislative Fiscal Bureau released Monday says taxpayers could have saved up to $1.9 billion in state taxes over 20 years if revenue limits had been in place.
The bureau report shows savings of about 4% annually, in both state and local taxes, if the so-called Taxpayer Protection Amendment were already law. The analysis was based on a new version of the measure under consideration by the Legislature.
The savings in state taxes came to about 4% in hypothetical snapshots taken by the bureau looking back 10, 15 and 20 years ago.