UT Arlington POLS 2312 - Final Exam Study Guide (5 pages)

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Final Exam Study Guide



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Final Exam Study Guide

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Goes through lectures 29-34


Pages:
5
Type:
Study Guide
School:
University of Texas at Arlington
Course:
Pols 2312 - State and Local Government
Edition:
3

Unformatted text preview:

POLS 2312 1st Edition Final Exam Study Guide Lectures 29 34 Lecture 29 September 14 The Texas Budget Who is Speaker of the House Joe Straus is Speaker of the House but Tea Party Republicans are not happy with him because they think he s not conservative enough So the Tea Party candidate who will be running against Joe Straus is Scott Turner What are the five categories in the Texas Budget The Texas Budget has 5 categories 1 General revenue funds budget 2 General revenue dedicated funds budget 3 Federal funds budget 4 Other funds budget 5 All funds budget Oil and gas are a big part of the Texas budget as well What are Texas tax policies There is not state income tax in Texas so property and sales taxes are high The Tea Party wants to get rid of property taxes and raise sales taxes What do revenue sources include Revenue sources includes taxes sales and property oil and natural gas production taxes and taxes on tobacco alcohol auto and hotel It also includes federal matching fund grants and fees and investment earnings Texas also takes revenue from interest on bonds and other investments sales of goods services it provides income from public lands that re rented state lottery tobacco settlement Lecture 30 November 17 State Taxes What are regressive state taxes Regressive means that the poor are taxed at a higher rate than the wealthy Sales and use taxes are regressive Flat taxes are also generally categorized as regressive What are matching federal funds Federal funds match grants for Medicaid temporary aid to needy families education and roads With matching funds the more a state spends What is sales tax The sales tax is the largest source of income for the Texas government Hawaii has the highest income tax rate at 11 and Texas has the lowest with none The Legislature makes a two year budget and only meets 140 days every 2 years and a large portion of the budget is dedicated What s the pay as you go limit The pay as you go limit means that the state budget must



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