Boom & Bust
Hijack of terrorists using airliners against the World Trade Towers and Washington D.C.?
What is 9/11?
The largest segment of tax revenue produced by Texas
What is Tax revenue?
Federal funds used for specific purposes
A tax that requires the wealthy to pay taxes at a higher rate than poor
What is Progressive Taxation?
These 2 services account for almost 3/4 of Texas budget
What is Health and Human Servies and Education?
Mortgage crisis causing disruption and survival of banks
What is the Mortgage Crisis of 2008?
The tax that brings in 38.7% of revenue
What is Sales Tax?
Federal program allowing state and local gov. flexibility of federal funds
What is the General Revenue Sharing?
A flat-rate tax that is not based on ability to pay
What is a Regressive Tax?
This service is 37.4% of the Texas budget
What is Education?
Pandemic causing unemployment and a decrease in tax revenues
What is the COVID-19 crisis?
1/3 of the state revenue comes from this source
What is the National Government?
Federal funds that are used for broad ranges of programs
What are Block Grants?
Inherent fairness of a tax; ability to pay is a factor in fairness
What is Tax equity?
This service for 35.5% of the Texas budget: welfare, unemployment, etc.
What is Health and Human Services?
The index of technology stocks lost 3/4 of its value
What is NASDAQ?
These two revenues were a mainstay in Texas Revenue
What is Oil and Gas Revenue?
What is AFDC and TANF?
Two types of individual sales taxes
What is General and Selective Sales Tax?
Texas's expenditures with 14.6% of the total budget
What is Business and Economic Development?
What is Boom and Bust cycle?
A tax that tends to hit the poorest the hardest is called...
What is the General Sales Tax?
The National Government passed along funding to help what type of groups
What is welfare programs?
A major Texas business tax is the franchise tax also known as
What is the Margins and Business Activity Tax?
Largest category of 5.1% of the total budget: law enforecement, police, etc.
What is Public Safety?