Take a look at your state’s (Texas) revenue generation for this forum. As an example, see the Ohio Department of Taxation website (http://www.tax.ohio.gov/Government.aspx).

Please review your state site (Texas. Next, choose one aspect of revenue generation and analyze it in detail. Focus on revenues and NOT expenditures.

The Volcker Alliance has assembled in the following pages a valuable set of tools for achieving a greater understanding of the budget process and state government finances. This guide serves as a convenient repository of connections to budget and financial information for state governments in general and for each state. You can access it at https://www.volckeralliance.org/news/volcker-alliance-launches-analysis-50-state-budgets

4 pages, double-spaced; minimum 3 scholarly sources

Answer preview

Revenue collection is an essential factor that enhances service delivery within a state.  The statistics obtained from the Volcker Alliance the State delivery of services can be highly dependent on petroleum revenues. Although the analysis shows that petroleum revenues are unpredictable, they contribute significantly toward service delivery. Between 2016 and 2018, Texas followed the best practices in revenue growth projections.  There is a high level of volatility in the oil and gas markets, and Texas is not an exception.  There are specific state policies that tend to pressure tax rates…

 

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