Twenty‐​five years ago this month, California’s Proposition 13 launched a nationwide tax revolt, with reverberations still being felt today. In June 1978, 65 percent of Californians voted for a state constitutional amendment that limited property taxes. Within a few years, a dozen other states had imposed various forms of tax and expenditure limitations. Proposition 13 also helped pave the way for Ronald Reagan’s ambitious federal tax cut plan in 1981 and inspired numerous attempts to impose added budget restraints on the federal government.

Have Proposition 13 and other tax and spending limitation measures been successful? Which types of budget limitations work best, and which should be pursued at the state and federal level? Please join our panel of experts—including some who helped launch the tax limitation movement—for a discussion of the lessons learned and future options for tax limitation.