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Money, Money, Money…

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Money, Money, Money…

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  1. <?xml version="1.0"?><AllQuestions /> <?xml version="1.0"?><Settings><answerBulletFormat>Numeric</answerBulletFormat><answerNowAutoInsert>No</answerNowAutoInsert><answerNowStyle>Explosion</answerNowStyle><answerNowText>Answer Now</answerNowText><chartColors>Use PowerPoint Color Scheme</chartColors><chartType>Horizontal</chartType><correctAnswerIndicator>Checkmark</correctAnswerIndicator><countdownAutoInsert>No</countdownAutoInsert><countdownSeconds>10</countdownSeconds><countdownSound>TicToc.wav</countdownSound><countdownStyle>Box</countdownStyle><gridAutoInsert>No</gridAutoInsert><gridFillStyle>Answered</gridFillStyle><gridFillColor>0,0,0</gridFillColor><gridOpacity>50%</gridOpacity><gridTextStyle>Keypad #</gridTextStyle><inputSource>Response Devices</inputSource><multipleResponseDivisor># of Responses</multipleResponseDivisor><participantsLeaderBoard>5</participantsLeaderBoard><percentageDecimalPlaces>0</percentageDecimalPlaces><responseCounterAutoInsert>No</responseCounterAutoInsert><responseCounterStyle>Oval</responseCounterStyle><responseCounterDisplayValue># of Votes Received</responseCounterDisplayValue><insertObjectUsingColor>Blue</insertObjectUsingColor><showResults>Yes</showResults><teamColors>User Defined</teamColors><teamIdentificationType>None</teamIdentificationType><teamScoringType>Voting pads only</teamScoringType><teamScoringDecimalPlaces>1</teamScoringDecimalPlaces><teamIdentificationItem></teamIdentificationItem><teamsLeaderBoard>5</teamsLeaderBoard><teamName1></teamName1><teamName2></teamName2><teamName3></teamName3><teamName4></teamName4><teamName5></teamName5><teamName6></teamName6><teamName7></teamName7><teamName8></teamName8><teamName9></teamName9><teamName10></teamName10><showControlBar>Slides with Get Feedback Objects</showControlBar><defaultCorrectPointValue>100</defaultCorrectPointValue><defaultIncorrectPointValue>0</defaultIncorrectPointValue><chartColor1>187,224,227</chartColor1><chartColor2>51,51,153</chartColor2><chartColor3>0,153,153</chartColor3><chartColor4>153,204,0</chartColor4><chartColor5>128,128,128</chartColor5><chartColor6>0,0,0</chartColor6><chartColor7>0,102,204</chartColor7><chartColor8>204,204,255</chartColor8><chartColor9>255,0,0</chartColor9><chartColor10>255,255,0</chartColor10><teamColor1>187,224,227</teamColor1><teamColor2>51,51,153</teamColor2><teamColor3>0,153,153</teamColor3><teamColor4>153,204,0</teamColor4><teamColor5>128,128,128</teamColor5><teamColor6>0,0,0</teamColor6><teamColor7>0,102,204</teamColor7><teamColor8>204,204,255</teamColor8><teamColor9>255,0,0</teamColor9><teamColor10>255,255,0</teamColor10><displayAnswerImagesDuringVote>Yes</displayAnswerImagesDuringVote><displayAnswerImagesWithResponses>Yes</displayAnswerImagesWithResponses><displayAnswerTextDuringVote>Yes</displayAnswerTextDuringVote><displayAnswerTextWithResponses>Yes</displayAnswerTextWithResponses><questionSlideID></questionSlideID><controlBarState>Expanded</controlBarState><isGridColorKnownColor>True</isGridColorKnownColor><gridColorName>Yellow</gridColorName><AutoRec></AutoRec><AutoRecTimeIntrvl></AutoRecTimeIntrvl><chartVotesView>Percentage</chartVotesView></Settings> <?xml version="1.0"?><AllAnswers /> Money, Money, Money… Balancing the Texas Budget in 2012-2013

  2. Where Do Our State Budget $$ Come From? • State Tax Collections - $ 78 billion • Federal Funds - $ 67 billion • Fees, Fines, Licenses - $ 14 billion • Interest and Investment Income - $ 6 billion • Lottery - $ 3 billion • State Land Income - $ 2 billion • Other Sources - $ 10 billion • Total (2 yr budget) $180 billion Source: Texas Fact Book, 2010, Legislative Budget Board. State taxes only, does not include local property taxes.

  3. Where Your State Tax Dollar Comes From (2010-2011 2-year Tax Revenue Estimate) Source: Texas Fact Book, 2010, Legislative Budget Board. State taxes only, does not include local property taxes.

  4. Where Do Our State Budget $$ Go?(2010-2011 2-year budget) Total = $180 Billion Source: Texas Fact Book, 2010, Legislative Budget Board. State taxes only, does not include local property taxes.

  5. The Texas Budget Deficit, 2012-2013

  6. The Challenge: Eliminate the Budget Deficit • The Texas budget must be balanced • Imagine that you are a Texas State Senator • As members of the Texas Senate you must find solutions that you can live with • Options: • Use some or all of the Rainy Day Fund • Raise revenue • Cut spending

  7. One Option for Reducing the Deficit: Spend the Rainy Day Fund Would you support using some or all of the Rainy Day Fund to reduce the deficit?

  8. The Rainy Day Fund* * The Texas Rainy Day Fund comes from a variety of sources with most of the money coming from a portion of natural gas and oil tax revenues.

  9. Closing the Budget Gap: Raise Revenue • Raise Existing Taxes • Sales Tax, Franchise Tax, Gasoline Tax, Cigarette Tax, Motor-Vehicle Tax, Beer Tax • Create New Taxes • Soda Tax, Quality Assurance Fee • Eliminate Tax Exemptions and Discounts • Sales Tax Holiday, high-cost natural-gas exemption, 10% property tax appraisal cap, optional homestead exemption • Other Revenue Options • Allow slot machines in existing gambling sites

  10. Closing the Budget Gap: Reduce Spending Cut existing programs (some examples) • Education • Cut $25 million in grants to help school districts build science labs (program total is $59.5 million) • Reduce financial aid spending ($50 million) • Eliminate dropout prevention for teen parents ($10 million) • Health and Human Services • 1% reduction in Medicaid provider payments ($64 million) • Temporary hiring freeze from HHS agencies ($8.9 million) • Close 50 beds at Terrell state hospital ($27 million) • Eliminate services for 8090 seniors or persons with disability receiving Medicaid LTC services at home ($96.2m)-DADS • Reduce comprehensive rehabilitation services by 70% and not provide services to approximately 840 clients ($23.6 million)- DARS • Reduce prevention and early intervention programs by 84% ($73.7 million) • Reduce state mental health hospital capacity, community mental health services for adults and children and substance abuse intervention services ($136.7million) • Prisons • $239 million to prison and parole system, including eliminating the substance abuse treatment program.

  11. Did You Eliminate the Deficit? • How did “the Senate” vote on the Rainy Day Fund? • How did “the Senate” vote on raising revenue? • How did “the Senate” vote on cutting existing programs?

  12. What Does the Budget Deficit Mean for AARP Members? • Balancing the budget with a large deficit will be extremely challenging • There will be a lot of attention on the big budget items (i.e., Education and Health and Human Services) • Medicaid is a large part of the health and human services piece of the budget and vulnerable to cuts • Medicaid is the primary payer of long term care services like nursing home and care in the community (helps pay for two-thirds of all nursing home stays)

  13. Protecting Seniors who need Long Term Care • The proposed 10 percent cut to long term care providers would take a heavy toll on consumers who use Medicaid nursing homes and community care. • Places nursing home residents at risk by reducing staff and care for our must vulnerable seniors. • For the seniors who depend on community-based long-term care programs, the rate cuts will make it harder to find people willing to do this important work.

  14. What Can You Do To Help? • Let your state elected officials know you want them to protect seniors who need long term care. • Protect current funding levels for nursing home and community care. • Lets not push seniors from community into more expensive nursing homes. • Your state elected officials: • Your state elected officials: (To Be Completed by ASD for each event) • Texas Senator: • Texas Representative:

  15. Want to Read More About the Texas Budget? Texas Fact Book, 2010 Texas Legislative Budget Board http://www.lbb.state.tx.us/Fact_Book/Texas_FactBook_2010.pdf Budget 101: A Guide to the Budget Process in Texas Senate Research Center, January 2009 http://www.senate.state.tx.us/SRC/pdf/Budget101-2009-web.pdf Rainy Day Fund: The Texas Tribune, January 7, 2011 http://www.texastribune.org/texas-taxes/rainy-day-fund/

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