1 / 20

1.Education

2. Public safety. Highway patrol; crime labs; corrections systems. 3. Highways and transportation. Repairing roads and bridges, waterways and airports. 4. General Welfare. Hospitals and clinics, water supplies, unemployment compensation. 5. Arts and recreation. State forests, parks, nature reserves,

tobit
Download Presentation

1.Education

An Image/Link below is provided (as is) to download presentation Download Policy: Content on the Website is provided to you AS IS for your information and personal use and may not be sold / licensed / shared on other websites without getting consent from its author. Content is provided to you AS IS for your information and personal use only. Download presentation by click this link. While downloading, if for some reason you are not able to download a presentation, the publisher may have deleted the file from their server. During download, if you can't get a presentation, the file might be deleted by the publisher.

E N D

Presentation Transcript

    1. 1.Education State universities, agriculture and technical colleges, teacher’s colleges and two year community colleges, local schools

    2. 2. Public safety Highway patrol; crime labs; corrections systems

    3. 3. Highways and transportation Repairing roads and bridges, waterways and airports

    4. 4. General Welfare Hospitals and clinics, water supplies, unemployment compensation

    5. 5. Arts and recreation State forests, parks, nature reserves, museums, art programs

    6. 6. Administration Salaries of state workers

    7. 7. Sales Tax Sales tax on goods and services

    8. 8. Excise tax Sin tax, amusement taxes, gasoline taxes

    9. 9. Income Tax Tax on individual income, rates vary from state to state

    10. 10. Corporate Income Tax Tax on companies that do business in the state, may be progressive or fixed

    11. 11. Business Taxes Licensing fees for professional work such as hairdressers, carpenter, contractor, transfer tax on documents, severance tax on natural resources

    12. 12. Law enforcement Local police, county sheriff’s department, park police

    13. 13. Public facilities Libraries, airports, public hospitals

    14. 14. Public health Restaurant inspectors, water treatment plants, sewer systems

    15. 15. Property Taxes Paid by people who own homes, apartments, buildings, land; rate figured on assessed value of property

    16. 16. Other taxes Sales and excise taxes aimed at tourists; payroll taxes

    17. 17. What is the difference between real property and personal property Real property refers to land and buildings; personal property refers to possessions such as jewelry and furniture.

    18. 18. What is the difference between an operating budget and a capital budget? An operating budget is for day-to-day expenses; a capital budget is for major investment expenditures.

    19. 19. What is a sales tax? A tax on goods and services

    20. 20. What is the relationship between revenues and spending in a balanced budget? Revenues and spending are equal

More Related