Texas Budget Process - Step 3: BRE

0.0(0)
studied byStudied by 0 people
learnLearn
examPractice Test
spaced repetitionSpaced Repetition
heart puzzleMatch
flashcardsFlashcards
Card Sorting

1/7

flashcard set

Earn XP

Description and Tags

Question-and-answer flashcards reviewing the Biennial Revenue Estimate (BRE) step of the Texas budget process.

Study Analytics
Name
Mastery
Learn
Test
Matching
Spaced

No study sessions yet.

8 Terms

1
New cards

What does BRE stand for in the Texas budget process?

Biennial Revenue Estimate

2
New cards

Who creates the BRE?

The Texas Comptroller of Public Accounts

3
New cards

What is the purpose of the BRE?

To estimate how much revenue Texas will collect over the next two years and set a spending limit for the Legislature.

4
New cards

Why is the BRE important?

It ensures the Legislature does not spend more than the state can afford, helping maintain a balanced budget.

5
New cards

What sources of revenue are included in the BRE?

Sales tax, oil & gas revenues, fees, and other state income.

6
New cards

When is the BRE released?

At the start of each legislative session, in January of odd-numbered years.

7
New cards

What happens if the Legislature wants to spend more than the BRE allows?

They need a 4/5 vote in both the House and Senate to exceed the BRE.

8
New cards

What is meant by a 'balanced budget' in Texas?

The state cannot spend more money than it has available, based on the BRE.