TAX MAN: Dam special fund

TAX MAN: Dam special fund

Over the years, we at the foundation have been constantly complaining about special funds. Special funds are like little bank accounts, opened for a particular purpose, which the administering department can spend, with limited legislative oversight, if the funds are spent for the purpose of the fund. Most tax collections go into, and most state spending comes out of, the General Fund. General Fund spending is subject to expenditure controls sp…