POLS 2312 1st Edition Lecture 31 Outline of Last Lecture I. Regressive State TaxesII. Federal FundsIII. Texas RevenueIV. Sales TaxV. Pay-as-you-go LimitOutline of Current Lecture I. Constitution and BudgetII. LBBIII. BREIV. Education Policy in TexasV. State Board of EducationCurrent Lecturel.The Texas Constitution sets specific spending limits on some services. Non-dedicted spending can’t grow faster than the estimated growth of state’s economy. Texas will not spend more than 1% on poor children and caretakers. No more than 5% of the state budget is spent on debtll.Developing the state budget falls to Legislative Budget Board (LBB). They analyze agency programs, estimate the costs of the new legislation, and create a draft budget for legislature. They review 5 year projections from each department. Hearings are held before the legislature begins session.lll.The comptroller determines the Biennial Revenue Estimate (BRE). The BRE can be updated if dramatic changes take place.lV.These notes represent a detailed interpretation of the professor’s lecture. GradeBuddy is best used as a supplement to your own notes, not as a substitute.The debate over Texas public education extends back to a period when Texas was part of Mexico. Some conservatives want social sciences to cover biblical events.V.The State Board of Education has 15 members that serve a 4 year term. They oversee the Permanent School Fund, execute education budget, nominate commissioner of education, purchase textbooks and shape what’s in them, and they set the education standards for students and
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