6. Identify and discuss the primary sources of tax revenue in Texas? Is it wise to rely so heavily on tax revenue? (10 points) 7. Identify and explain four factors that limit budget flexibility in Texas? (10 pts) 8. What are the steps in policy-making process? For each step provide at least one example of how the sheer size of Texas or the diversity in Texas impact the step? (15 points) 9. Education and health care are major expenses in Texas. Select four factors that have contributed to the increased costs for both of these. (15 points)
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The primary sources of tax revenue in Texas are sales tax, property tax, and oil and gas production tax. Sales tax is the largest source of state tax revenue, followed by property tax which is the main source of local government revenue. The oil and gas production Show more…
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