Documents describing the statutory TEL are available on the Legislative Service Commissions website. The last document, the Fiscal Note, simulates the impact of the TEL on the General Fund. Had the TEL been put in place in 1987, state GRF spending would have been reduced 2.8 billion under actual spending by FY2007 (Table 7). Also, The average annual growth foe each major category of state spending was higher then CPI over this time (Table 8). The one exception is "other state spending." Since this is such a small portion of the GRF, the TEL would have required severe tradeoffs across programs to stay under the TEL. In other words, inflationary increases in one category of state spending would require significant cuts in other programs to stay under the TEL. An alternative would be fee increase, such as tuition, or local tax increase, such as school property tax increase. Most programs in Ohio are jointly funded by the state and local governments. Squeezing state spending puts pressure to increase local governments’ revenues to maintain services. Here are links to the relevent documents

The bill as passed by the House Finance Committee.

Bill Analysis

Fiscal Note