Key Officials
Is the Speaker of the House involved in the budget process?
What type of tax does Texas get most of its tax revenue?
Sales
The beginning of the budget policy starts in this government official's office.
Governor
Which economic sectors have grown quite significantly in Texas? (give me one)
Technology, transportation
Kolin's favorite genres of music include:
Jazz, Jazz-Rock Fusion, and Classical
The GoVeRnOr
True or false: The budget bills are developed by both the House and Senate.
True
Is Texas allowed to spend more money than they expect to receive?
No
Does Texas like paying for social services?
No
What are side-curtain airbags?
The blowy bois on the side of the interior of your car
Who has the power of the purse?
Comptroller
True or false: Political officials like to promise funding to some social services (and then go back on their promises) to boost support for their political career.
True.
Which two agencies/boards draft the budget?
The LBB and the GOBPP
Are Texas' social services particularly good?
Absolutely not. We hate poor people, less-fortunate, and we love disenfranchising people.
What is the Japanese term for arranging furniture in such a way as to guide energy to the right areas of a room?
Fung Shui
Who can veto out certain parts of the budget bill?
The Governor
What is the primary source of revenue in the government?
Taxes! Texas also does not have an income tax.
After the LBB and the GOBPP develop financial plans, what do agencies have to send out to request funds? (LAR)
Legislative Appropriations Request
Texas has no qualms with ___ extraction in environmentally-sensitive areas.
Oil extraction
What is wine made from?
Who has to approve the budget before it is formally accepted?
The Comptroller
What are some downsides to using a regressive tax such as sales tax? (give me one)
Affects people differently
Cannot keep up with the growth of the state
You can only raise taxes and fees so much
What is incrementalism, or what is an example of it?
It is when marginal changes are made to the budget- usually by agencies asking for a little more each year.
What is the Texas Enterprise Fund?
It is a rainy day fund created in 2003 to be used for emergencies. It is mostly used for businesses, grants, tax breaks, and infrastructure development to attract businesses to Texas.
What does CAD stand for?
Computer Aided Design