Document

CAP and TEL Comparison Tables

By David Hansen, posted November 13, 2005

Comparison of CAP and TEL Proposals on

State Taxes and Spending

Notes:

For CAP and TEL provisions effective Fiscal Year 1995;

For General Revenue Fund monies, receipts from the federal government not included;

Fiscal Year TEL limit estimated from inter-census estimates, except for census in 2000, and CPI (series �UMW") from immediate prior calendar year;

Fiscal Year CAP limit estimated from state personal income annual data from immediate prior calendar year.

Additional documentation of calculations is available. Please contact the Buckeye Institute at 614.224.4422

Sources:

US Department of Commerce, Census Bureau;

US Department of Commerce, Bureau of Economic Analysis;

US Department of Labor, Bureau of Labor Statistics;

Ohio Office of Budget and Management.

Comparing CAP and TEL: Key Growth Rates

*Fiscal Year*	*CAP:* *Limit for GRF as Percent of Personal Income*	*CAP:* *Actual GRF as Percent of Personal Income*	*TEL: Limit for GRF Growth Rate*	*TEL:* *Actual GRF Growth Rate*
1995	5.5%	5.02%	3.5%	5.03%
1996	5.5%	5.07%	3.5%	5.23%
1997	5.5%	5.05%	3.5%	5.90%
1998	5.5%	5.21%	3.5%	7.18%
1999	5.5%	5.05%	3.5%	5.66%
2000	5.5%	5.22%	3.5%	5.98%
2001	5.5%	5.00%	3.7%	6.46%
2002	5.5%	5.09%	3.5%	3.16%
2003	5.5%	5.06%	3.5%	3.12%
2004	5.5%	5.25%	3.5%	2.74%
2005	5.5%	5.42%	3.5%	6.28%