House Bill Would Limit Growth, Spending Wednesday January 29, 2003 6:30am  More Information ___  ABC News 4 Interact  ___    • Signup for eNews Alerts    • ABC News 4 Pulse Poll    • Whats Your Opinion?    • Printable Version    • E-Mail This Story Columbia (AP) - House members introduced a bill today that would limit government spending and growth. The bill will now go to the House Ways and Means Committee for debate.  House Speaker David Wilkins says the bill will set up a sufficient rainy day account while keeping growth and spending in check. The bill would create a new spending limit formula and set up a fund to replenish reserve funds.  House Speaker Pro Tem Doug Smith says government grew too fast in the 1990s when the economy was strong. Smith says the state was forced to deal with several rounds of budget cuts when the economy soured.  The budget may fall as much as $1 billion dollars short of meeting more than $5 billion dollars in spending needs in the fiscal year that begins July 1.  Smith says bad spending habits of previous years need to stop.   Copyright 2003 by The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.

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