The state Assembly this morning called for the first constitutional limit on state spending but refused to recommend similar controls on local governments.
The Assembly voted, 50-48, to limit growth of state government’s general fund – its single biggest account, which will spend more than $19 billion this year – to 90% of the average growth in personal income over the previous three years. The general fund includes $11.8 billion in state taxes, fees, and about $6.5 billion a year in federal aid.