1. The state economy and The financing of state government
Chapter 12

2. Learning Objectives
Discuss the mainstays of the Texas economy, the growth of lower-paying jobs, and efforts to create a favorable business climate.
Discuss where Texas gets its revenue, including state taxes.
Assess whether the revenue structure is fair and equitable.
Understand how the budget of the state is produced.
Evaluate the results of the spending plan in terms of meeting the needs of Texans by providing an adequate level of state services.

4. Table 12-1

8. Authorization and Appropriations
House, Senate versions of bill sent to conference committee
Revenues must be certified by Comptroller
Approval usually late in session
Governor: line-item veto

10. Table 12-2