Amendment on spending cap fails in Arkansas House

    3:03 PM, Feb 18, 2013   |    comments
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    Local and State News:

    LITTLE ROCK, Ark. (AP) - An amendment to a bill that would cap the rate of growth in spending in state government has failed to pass the Arkansas House.

    The measure by Republican Rep. Bruce Westerman of Hot Springs failed to capture the majority on a 49-42 vote.

    The amendment would specify that the cap applies to spending from net annual revenue and not gross revenue.

    Last week, a House committee approved a plan that would cap how much state government could grow each year. Gov. Mike Beebe opposes the bill, saying it would "wreak havoc" on the state's budget.

    The proposal would limit growth in most of the state's annual expenditures to either 3 percent or the three-year average increase in the state's gross domestic product, whichever is less.

    (Copyright 2013 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.)

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