Texas Balanced Budget Analysis

Decent Essays
Texas uses what is called a balanced budget, according to Governing Texas a balanced budget is, “whenever the projected income from tax revenues is equal to or exceeds the projected expenditure.”(Champagne Harpham 313). This is different from many other states such as California who don’t use a balanced budget due to the fact that those states usually end up in debt. Texas’ sources of revenue for the state include: sales and use tax, oil production and regulation tax, natural gas production tax, motor fuels tax, vehicle and home sales tax, corporate franchise tax, and many other forms of sales taxes. Some of the spending Texas uses its budget on are education, infrastructure, hospitals, and public welfare. Though Texas is one of the few
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