Texas Economic Crunch Annotated Bibliography Paper Example

Introduction

Notwithstanding the sturdy economy and optimistic outlook of economic growth in Texas, it is likely that the budget will have to struggle with limited revenue comparative to the expenditure mannerisms of the state. The Texas economy is mounting steadily; nevertheless, those drafting the budget are having it rough to come up with a balanced structure. The rate of joblessness is dropping, and the revenue levies are increasing, but the high revenue allocated to the state's highways and medical programs are taking a significant sum of the whole budget. During the previous year, the budget writers allotted fewer funds to the Medicaid, which together with public education are awarded more significant shares of the state's budget. Moreover, during Gov. Greg Abbott, the state's legislators lifted off $500 million from the Texas Health and Human Services Commission to carter for public education curricula. Together with the Hurricane Harvey recovery efforts, this means that the legislators only have $94 million as their beginning balance as they set the 2019 budget.

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Ballotpedia.org. 2019. Texas State Budget and Finances: Public Policy in Texas. Retrieved from https://ballotpedia.org/Texas_state_budget_and_finances

This article talks about the economic history of Texas since 2015 highlighting who decides the budget and what affects the allocation of shares on the budget. Additionally, it gives all the definitions and terms that are likely to be used in the field of economy. The article also claims that the state's government gets financial help from the federal government to fund several projects it undertakes. The article goes ahead to give the debt owned by the Texas state. Therefore, this article will help research since it builds up the history of the crisis.

Hooks Christopher. 2017. Why the State Budget is Such a Mess. Retrieved from https://www.texasobserver.org/why-the-state-budget-is-such-a-mess/

This is an article that was written in 2017 and it is essential in this research since it gives the basis of the start of the economic crisis. In 2017, the state faced the same crunch of budget shortfall as this year. This article reveals what brought up the mess and what response the crisis got.

Sanders Austin. 2018. Texas Education Agency on the Money; Budget Cuts Coming to State Public Schools. Sound Familiar? Retrieved from https://www.austinchronicle.com/news/2018-09-21/texas-education-agency-on-the-money/

This article talks of the Texas Education Agency seeking $3.5 billion less in financing for public schools thru 2021, rendering to a jurisdictive arrogations appeal delivered by the agency the previous week. The article talks of how the public education sector has been receiving finances in a 50/50 ratio between the state and the federal government. This article will help determine how public education and budget affect each other.

References

Ballotpedia.org. 2019. Texas State Budget and Finances: Public Policy in Texas. Retrieved from https://ballotpedia.org/Texas_state_budget_and_financesHooks Christopher. 2017. Why the State Budget is Such a Mess. Retrieved from https://www.texasobserver.org/why-the-state-budget-is-such-a-mess/

Sanders Austin. 2018. Texas Education Agency on the Money; Budget Cuts Coming to State Public Schools. Sound Familiar? Retrieved from https://www.austinchronicle.com/news/2018-09-21/texas-education-agency-on-the-money/