by Max Brantley
Lots of local governments have been talking about hiring companies to reduce their energy use, in some cases by floating revenue bonds that would be financed by "savings" from the energy strategies.
Oops, in a couple of opinions, Attorney General Dustin McDaniel opines that pledging these "savings" -- to the extent they are tax money -- is unconstitutional. Primary opinion is here. Secondary one here. See, savings do not equal revenue.