SS8E4: The student will identify revenue sources for and services provided by state & local governments A. Trace sources of state revenue such as sales.

Slides:

Advertisements

Similar presentations

SECTION 1 MANAGING THE ECONOMY Managing the economy GCSE ECONOMICS: UNIT 12 Government Tax Revenue & Expenditure.

Advertisements

New York Times, Budget Puzzle 1.What is the predicted budget shortfall in 2015? In 2030?( how old will you be then?) 2.List 3 spending cuts you made &

Ch 14 Taxes and Government Spending. Sec 1 What are Taxes? STGs: Understand, explain, analyze, identify… 1.How gov’t uses taxes to pay for programs 2.The.

TABOR Rebates: Just the Facts. What are TABOR Rebates? When state revenues (Fiscal Year Spending) exceed a voter approved cap (rate of change in CPI plus.

2.04 Acquire knowledge of the impact of government on business activities to make informed economic decisions.

State General Fund / Federal Budget: Outlook and History Senate Ways and Means, December 20, 2011 Duane Goossen Kansas Health Institute.

Sources of State Revenue SS8E4 The student will identify revenue sources for and services provided by state and local governments. Trace sources of state.

FACTORY SHOALS MIDDLE SCHOOL MR. L. SMITH. Agenda Message Agenda Message: Personal $ Management Vocabulary Quiz is Thursday May 7 th. Social Studies Progress.

Government Revenue & Spending. Key Vocab Budget- A plan for saving and spending money Revenue- Money the government collects from taxes Surplus- Having.

Unit 5 – Local Governments

The ECONOMY. The ECONOMY - a system by which goods and services are produced, sold, and bought in a country or region. The ECONOMY Who would ever think.

STATE REVENUE Where do we get the money from and how do we spend it?

The Tax System Chapter 12. What Are Taxes and When Do You Have to Pay Them? Taxes are payments to local, state or national governments. They are the government’s.

1 Public Finance Public finance is the field of economics that studies government activities and the alternative means of financing government expenditures.

Notebook # 29 Economics 9-2 The Federal Tax System Pages

Money, Taxes and Fiscal Policy By Ms. Lane. Our Banking System In 1913, Congress and the President passed a law that established the Federal Reserve System.

“Unpacking the Standards”: Government 8 th Grade Social Studies.

LESS FEDERAL INVOLVEMENT Education Drugs Welfare Crime.

What it is and from where it came..  Grade 9 Economics  D  H  J  L  E.

 The Federal government  collects money (revenue) and  spends money.  The government is important in our economy.

Ch. 25 Jeopardy Sales TaxDeath TaxIncome TaxGas TaxTobacco Tax

Fiscal Federalism A.P. Government Lecture #5. Objective: Understand the concept of fiscal federalism and how federal funds are distributed to the states.

Oct 14, 2009 I.Savings and Investment A.The Savings and Investment Identity II.Deficits and Debt III. Problems with the debt.

State and Local Government Budgets Chapter 14 Section 3 and Chapter 25 Section 2.

The Economics of Government Spending

Unit 9 : Personal Finance

Group 2 Chih-Mei Shen & Nancy Briana Lόpez Hodgson.

Fiscal Policy  The use of changes in government spending and taxation revenue (budget) to 1. Reallocate resources 2. Redistribute income 3. Regulate the.

State and Local Government Review. A) COUNTY REGISTRAR B) COUNTY CLERK C) COUNTY COMMISSIONER D) COUNTY ROAD SUPERVISOR Which county official is elected.

Wisconsin Taxes in Perspective Don Nichols Professor of Economics and Director, The La Follette School of Public Affairs Co-Director, WAGE. January 19,

State and Local Government Review

2.4 CIRCULAR FLOWS Circular flow model

G OVERNMENT R EVENUE AND S PENDING. W HAT ARE TAXES ? Taxes are the way that the government makes money. There are different kinds of taxes and they go.

Fiscal Policy How the government collects and spends money to meet broad economic goals.

NC STATE REVENUE AND EXPENDITURES Where does the money come from? Where does the money go?

Divide page 6 into a 4 square

Representation of Data Charts. Which is easier to understand? Rebecca gets $25 a week as an allowance. She spends $15 travelling to and from school. She.

Jefferson City Revenue Forecast Staff Analysis. Accuracy in Estimates Important to Make Best Use of Tax Payer Money.

Personal Finance Mr. Rockwell.

Welcome 8 th Graders! Please obtain Supplemental text.

Economics 9-1 The Economics of Taxation Pages

THE WHO, WHAT, WHY, AND HOW OF GOVERNMENT SPENDING Executive and the Economy.

NC State and Local Government Budgets Chapter 14 Section 3 and Chapter 25 Section 2.

A Free sample background from © 2002 By Default!Slide 1 “Cigarette Smoking” Title Slide Welcome to this presentation from

Managing Your Money 1/19 I can…  Explain my sources of income.  Explain how to make a plan for spending and saving money (budget) BW….  Paying for part.

Federal, State & Local Budgets (14.2). Federal Budgets.

Slide 1 © 2004 By Default! A Free sample background from “Rainbow Drops” Title Slide Welcome to this presentation from

Class Presentation Sources of State Revenue. Georgia Performance Standard SS8E4  The student will identify revenue sources for and services provided.

FEDERALISM, FUNDING, AND EDUCATION State Government.

Garrett Martin and Joel Johnson 1/28/2015

“Fourth of July” Title Slide

Governor Jack Dalrymple

“Unpacking the Standards”: Government

Chapter 11 – Government in the Economy

Georgia Government Revenue & Expenditures

“Metallic Globe” Title Slide

Where do we get the money from and how do we spend it?

ECONOMICS: November 6 Economics Learning Targets #1

Governor's Budget Update

State and Local Taxes and Spending

ECONOMICS: November 5 Learning Target #1

Economics Standard SS8E1 The student will give examples of the kinds of goods and services produced in Georgia in different historical periods.

Taxes and Government Spending

Fiscal and Economic Issues Illinois

Budgeting at the State Level

Unit 9 : Personal Finance

Show Me the Money! EQ: How is government revenue generated in Georgia, and how are these funds used?

Ballin Budget!! Congratulations you just got $500 and a place to stay and have fun for the next week, what would you spend your money on? Remember you.

Do Now Write out the three branches of Minnesota state government.

State and Local Government Expenditures

Presentation transcript:

SS8E4: The student will identify revenue sources for and services provided by state & local governments A. Trace sources of state revenue such as sales taxes, federal grants, personal income taxes & property taxes B. Explain the distribution of state revenue to provide state services C. Evaluate how choices are made given the limited revenues of state and local governments

What are some services provided by the state of Georgia to its citizens? Education Human services Natural Resources Economic development Public Safety Transportation (MARTA, CCT, Airports, & Seaports) Interest on loans

How a state generates income

State income & expenditure Read the Funding of Georgia’s government on page 539 Figure 65 budget revenue & figure 66 budget expenditure Why do you think the state spends most money on education? Due to budget cuts in recent years expenditures have to be cut down. If you were the governor, congressman/woman or senator which service will you cut and why? (Explain your answer in at least one paragraph)

Georgia’s revenue and expenditure (1) Determine the top 5 areas Georgia’s government spends and collects money from (2) Create 2 pie charts or 2 bar graphs to illustrate these figures (Use exponents to illustrate figures) (3) Compare the graphs and determine weather the expenditure exceeds the revenue (4) If the answer for the above question is yes which service provided by the state will you consider cutting to save money and why? (5) Explain your answer in at least 4 sentences/bullet points.