the policymaking process
- policy
- agenda setting
- policy formation
- policy adoption
- policy implementation
- policy evaluation
- redistributive policy
- distributive policy
- regulatory policy
sources of state revenue: taxes
- fiscal policy
- subsidies
- income tax
- general sales tax
- gasoline taxes
- severance tax
- franchise tax
- sin tax
- excise tax
- property tax
- ad valorem tax
- appraisal
- progressive tax
- regressive tax
sources of state revenue: other sources
- federal grants
- interest
- licensing
- lottery
- permanent school tax
spending and budgeting
- legislative budget board
- state budgeting
- budget cycle
- state spending
- “pay as you go” system
- rainy day fund
fiscal policy tools
- tax expenditures
- subsidies
