Every tax is a pay cut.  Every tax cut is a pay raise. Citizens for Limited Taxation

Let's assume that 1996 was the first year the General Fund broke $100 million dollars ($103.7 in reality). The population is growing at the rate of 0.3% per year and inflation runs at 3% per year.  Consider growth rates at 4%, 5%, and 6% versus reality.

Year	4% Growth	5% Growth	6% Growth	Reality
1996	103.700	103.700	103.700	103.700
1997	107.848	108.845	109.922	111.300
1998	112.162	114.329	116.517	116.510
1999	116.648	120.045	123.508	126.173
2000	121.314	126.047	130.918	131.596
2001	126.166	132.350	138.773	139.032
2002	131.213	138.967	147,100	153.000 (est.)
2003	136.462	145.916	155.926	163.000 (est.)

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