The Budget Process
This is the amount of time that passes for 1 budget cycle.
What is a 2 years (biennium)?
What is revenue?
State expenditures are...
The money spent by the state government.
Within the amendment, the Governor and State Legislatures will include nonfiscal items. Give two examples of nonfiscal items.
Eliminating the ability of local government to require their employees to live in the community
Limiting the dates that the Department of Natural Resources can establish an elk hunting season
Requiring the Department of Public Instruction to publish school accountability reports
Requiring graduating seniors to pass the civics test as a graduation requirement.
The ____________ submits the budget bill to the legislature during the first two months of the new year. This happens during _____ numbered years after an election.
Who is the governor?
When are odd-numbered years?
Most taxes are considered general purpose which means...
Other taxes are required to be used for a specefic purpose. For example, a gas tax must be used to...
They can be used for any program
Transportation
The bulk of the Health Services budget goes to what program?
Medicaid
The 2013-2015 Budget included how many nonfiscal items?
33 57 93 117
93
The governor gets a budget request from all ___________ in June prior to the new budget year, and estimated ____ ______ from the Department of Revenue. They use this information to begin building the budget.
What are State Agencies
&
What is the estimated Tax Revenue
Define the following taxes:
Individual Income Tax
Corporate Income Tax
Sales Tax
Excise Tax
Tax on an individuals income (4/4%-7.6% depending on income)
Tax on a business income (7.9%)
Tax placed on the sale of all goods (minus groceries and meds) 5%
Tax placed on specific items
Money paid by the state to municipalities, counties, school districts, and technical college is called...
State Aid
A requirement imposed on local governments by the state are called ...
Mandates
The Legislative Fiscal Bureau (LFB) prepares detailed summaries and holds _________________. If on schedule, they will provide a revised proposal by early ______ for both houses to vote.
What are Hearings across the state?
When is June?
65-70% of the state revenue comes from?
Taxes and Fees
Put the following spending categories in order from spending the highest percentage of WI money to the lowest.
Aids to Individuals
State Operations
Local Assistance
State Operations (39%)
Aids to Individuals (31.5%)
Local Assistance (29.5%)
How does the state budget affect you?
-change what is taught in schools/state standards
-change graduation requirements
-change testing requirements
-change college tuition rates
-Amount of staffing at your school (funding)
-Change class sizes
-Change the amount of taxes paid by individuals/families
From here the budget bill operates just like a _____________ _______, with a vote by both houses and a veto or signature from the governor.
normal bill
The state government also gets a chunk of money from fees. Provide two example of a fee collected by the state government. (need 2)
College Tuition
State Park Stickers
Hunting/Fishing Licenses
Driver Licenses and Vehicle Registration Fees
Court Fees
What are the top 3 spending agencies in the WI state government? (Pick from the following)
Corrections, Shared Revenue, Transportation, UW System, Public Instruction, Health Services, Children and Family Care, Natural Resources, Corrections
1) Health Services ($20.32 Billion or 29.8%)
2) Public Instruction ($12.47 Billion or 18.3%)
3) UW System ($11.83 Billion or 17.3%)
State spending from all forms of revenue has gone up how much from 1990 to 2012?
17.6 billion