Pols 2312 Chapter 11 Notes week 13
Pols 2312 Chapter 11 Notes week 13 POLS 2312-001
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This 2 page Class Notes was uploaded by Ivonne Orduna on Sunday May 1, 2016. The Class Notes belongs to POLS 2312-001 at University of Texas at Arlington taught by Kimberly Harper in Winter 2016. Since its upload, it has received 28 views.
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Date Created: 05/01/16
Pols Chapter 11 Outline -Fiscal policy -Revenue -Budget -Future Demands Fiscal policy- taxing and spending Revenue- Texas does not have state income tax We rely more on fees than taxes Sales tax- deeply source of revenue 6.25% that goes to the state Up to 2% local addition Max sales tax we will pay is 8.25% Selective sales tax is something you choose to participate in. Example is gas that you pay Alcohol/tobacco Bed tax pay 8.25% plus 6% bed tax at hotel, motels…. Sin tax- immoral behaviors Texas is supposed to have a budget balance meaning were not spending more money than what we’re bringing in. we don’t have one. Main state fund we use is the main general revenue fund General revenue fund- basically checking account. Appropriations are made by legislative- in charge where money goes Line item veto- power of governor, can let agency receive money even though they cant. Make the agency feel like they owe governor for that. Low tax/ Low service state- Welfare spending is 1 % of our appropriations. Limited to 1 percent of state budget. We tax some business Franchise tax- business pay this tax to limit their liability in case they get sued. Payroll tax- business pay to cover unemployment issues. Severance tax- is paid by oil and gas companies to remove 5-6% state revenue Comptroller- important persona who in charge of our public accounts in the plural executive Gambling- produces revenue as well - Bingo 2/3 of our revenue come from the federal government. Sometimes we don’t accept because we don’t want strings attached Grant in aids – Federal money last checked over 70 billion Goes to health human services Snap program- lone star card to stop the abusing system. Food desert areas- no grocery stores, people feed out of convenience stores. Education Economic growth like roads- transportation Land Revenue Texas has over 20 million acres of land to make some revenue on Miscellaneous sources- Vehicle permits, licenses, cigarette purchases, license State is in 43 billion in debt Rainy day fund- like a checking account Also called stabilization fund Required to have a minimum of 7 Billion in there We have 7 or 8 billion as of now. ¼ people in the state don’t have health insurance. Update budget amount for 2014-2015 is 205 billion dollars. Over 27 million people Car accidents fatality with alcohol driving Is 50% Public Education- complications Funding of the education system 10% comes from federal 40% come from state 50% come from local which is property taxes “Leveler ------ solution is the Robin hood plan where wealthy cities give to poverty cities. 60% of people that are economically disadvantaged students 3 deregulated issues for higher education Utilities Insurance Tuition 18-20% Texans fall into the poverty line. Family of 4 24,000 dollars, Family of 1 is 11,000 dollars Medicaid- aid for the poor Medicare- care for the poor CHIPS- children’s health insurance program ¼ people that are in poverty is a veteran Transportation is very important in state We do not get enough funding Toll roads- 1,248 miles long- mexico/ us border Water- bad drought
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