Which of the following is at the heart of the budget process in Texas?
Which of the following is at the heart of the budget process in Texas? the constitutional mandate that Texas legislators write a budget every two years. the constitutional mandate that Texas legislators allocate at least 50 percent of the budget towards health care. the unpredictability of natural disaster funding.
What is the most important single tax financing Texas government quizlet?
Terms in this set (22) The most important single tax financing in Texas government is the sales tax which is 8.25% on retail goods and selected services.
Why is the biennial revenue estimate important quizlet?
Why is the Biennial Revenue Estimate (BRE) important? It serves as a baseline for the budgetary process of the governor and legislature.
Who prepares the budget in Texas?
The Texas budget process begins during the year prior to each regular session of the state’s Legislature, which are held in odd-numbered years. Each state agency prepares a detailed legislative appropriations request (LAR) under the guidelines of the state’s Legislative Budget Board (LBB).
What is unique about the Texas state budget?
What is unique about the Texas state budget? While most states have only one budget, Texas has two. Legislators in Texas are subject to term limits and may only serve in office for two terms.
Is a non dedicated revenue account and is the state’s primary operating fund quizlet?
– A non-dedicated revenue account and is the state’s primary operating fund. – The State Highway Fund, trust funds and revenue held in certain local higher education accounts. Federal Funds Budget. Includes all grants, payments, and reimbursements, received from the federal govt.
What is the purpose of the biennial revenue estimate?
January 2019 The Texas Comptroller provides the Biennial Revenue Estimate (BRE) at the beginning of every regular legislative session. The estimate outlines how much state revenue is available for lawmakers to spend on programs for Texans through the 2020-21 biennium.
Is a tax on the market value of oil produced in the state?
The oil severance tax is a 4.6% tax on the market value of oil produced in the state.
Which two program areas require the most funding in the state of Texas?
The two greatest areas of spending at the state level are public education and health and human services, which together make up more than half of the state’s All-Funds and General Revenue budgets. Still, Texas ranks near the bottom in education spending per student and health care spending per patient.
Who is the chief budget officer of Texas?
Who is responsible for estimating how much revenue will be available for the Texas budget?
Question 12 4 out of 4 points Who is responsible for estimating how much revenue will be available for the Texas Budget? Selected Answer: The Comptroller.