MA: Regional Budget (In the works)
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  MA: Regional Budget (In the works)
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Author Topic: MA: Regional Budget (In the works)  (Read 27041 times)
California8429
A-Bob
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« on: November 18, 2010, 01:16:33 PM »
« edited: January 19, 2011, 09:38:35 PM by Speaker of the Mideast Assembly A-Bob »

Spending ($196.40 billion)

Energy ($5.85  billion)
$3 Billion ...... Loans to be granted to energy companies that have a responsible environmental track record, are seriously attempting to develop clean energy alternatives, push for energy efficiency and/or have an approved plan to do so.
$1 Billion  ...... Fund for alternative energy
$1 Billion  ...... Updating the Mideast's current energy infrastructure
$0.5 Billion  ...... Refitting all government buildings to run on clean energy
$0.25 Billion  ...... Refitting all government vehicles (cars, planes, etc.) to run on clean energy)

Natural resources and environment ($5.21 billion)
$2.61 billion ...... Water resources (No Change)
$0.57 billion ...... Conservation and land management (No Change)
$0.42 billion ...... Recreational & Park resources (No Change)
$1.11 billion ...... Pollution control and abatement (No Change)
$0.5 billion ....... Other natural resources (No Change)

Agriculture ($4.04 billion)
$2.95 billion ..... Farm income stabilization & crop insurance (No Change)
$1.09 billion ...... Agricultural research and services (No Change)

Commerce and Housing Loan Programs ($1.95 billion)
$0.34 billion ..... Housing Loan Programs (No Change)
$0.02 billion ..... Deposit insurance (No Change)
$1.36 billion ...... Universal service fund (No Change)
$0.23 billion ...... Other advancement of commerce (No Change)

Transportation ($14.72 billion)
$8.01 billion ..... Highways and highway safety (No Change)
$3.25 billion ...... Mass transit (No Change)
$0.11 billion ...... Railroads (No Change)
$2.06 billion ..... Air Transportation (No Change)
$0.87 billion ...... Water transportation (No Change)
$0.42 billion ...... Other transportation (No Change)

Community and regional development ($4.39 billion)
$2.50 billion ...... Community development (No Change)
$0.96 billion ...... Area and regional development (No Change)
$0.93 billion ...... Disaster relief and insurance (No Change)

Education ($35.12 billion)
$19.12 billion ..... Elementary, Secondary & Vocational education (No Change)
$12.97 billion ..... Higher education (No Change)
$3.03 billion ...... Research and general education (No Change)

Training, labor and unemployment ($9.37 billion)
$4.34 billion ...... Training and employment (No Change)
$0.2 billion ....... Labor law, statistics, and other administration (No Change)
$4.83 billion ..... Unemployment compensation (No Change)

Health Spending ($58.85 billion)
$35.87 billion .... Medicaid grants (No Change)
$1.03 billion ...... State Children's Health Insurance (No Change)
$0.59 billion ...... Indian health (No Change)
$1.01 billion ...... Substance abuse and mental health services (No Change)
$0.97 billion ....... Disease control, public health and bioterrorism (No Change)
$8.45 billion ..... Health research and training (No Change)
$0.89 billion ...... Food safety and occupational health and safety (No Change)
$2.05 billion ..... Other health care services (No Change)
$7.01 billion ...... Prescription drug benefit (No Change)
$0.98 billion ...... Health care fraud (No Change)

Civilian Retirement ($10.05 billion)
$0.3 billion ...... Civilian retirement and disability insurance (No Change)
$8.50 billion ..... Mideast employee retirement and disability (No Change)
$1.70 billion ...... Mideast employees' and retired employees' health benefits (No Change)

Aid to Low-Income Families ($26.00 billion)
$6.01 billion ..... Housing assistance (No Change)
$4.33 billion ..... Food stamps (No Change)
$2.3 billion ...... Other nutrition programs (WIC, school lunches) (No Change)
$3.33 billion ..... Family support payments (TANF) (No Change)
$7.01 billion ..... Earned Income Tax Credit (EITC) (No Change)
$1.85 billion ..... Child tax credit (No Change)
$0.99 billion ....... Child care funds (No Change)
$0.18 billion ...... Other aid to low-income families (No Change)

General Family Support ($5.39 billion)
$1.32 billion ...... Foster care and adoption assistance (No Change)
$0.33 billion ...... Child support and family support programs (No Change)
$3.74 billion ..... Social and family services (No Change)

Administration of justice ($12.45 billion)
$7.35 billion ..... Regional law enforcement and security (No Change)
$2.21 billion ..... Regional litigation and judicial activities (No Change)
$1.89 billion ...... Regional prison system (No Change)
$1.00 billion ...... Criminal justice assistance (No Change)

General government administration ($3.01 billion)
$0.31 billion ...... Legislative functions (No Change)
$0.10 billion ...... Executive office programs (No Change)
$2.05 billion ....... Fiscal operations (No Change)
$0.55 billion ...... Other general government (No Change)

--------------------------------------------------------------------------------

Tax Expenditures and Tax Cuts ($163.75 billion)

Corporate Tax Breaks ($15.53 billion)
$7.50 billion ...... R&D Tax Breaks (No Change)
$1.01 billion ...... Energy, Mining and Timber Tax Breaks (No Change)
$2.03 billion ...... Tax Free Bonds (No Change)
$4.99 billion ..... Other Corporate Tax Breaks (No Change)

Personal Business & Investment Benefits ($7.09 billion)
$5.55 billion ..... Tax-Free Bonds (No Change)
$0.56 billion ...... Enterprise & Empowerment Zones and New Markets credit (No Change)
$0.98 billion ....... Other personal investment tax breaks (No Change)

Pension & Retirement Deductions ($46.49 billion)
$17.55 billion ..... Employer-paid Pensions (No Change)
$15.55 billion ..... 401Ks & Keogh plans (No Change)
$2.41 billion ...... IRAs (No Change)
$10.12 billion ..... Group and personal life insurance benefits (No Change)
$0.86 billion ...... Other retirement benefits (No Change)

Health Insurance Tax Benefits ($34.63 billion)
$30.99 billion .... Employer-paid Health Insurance (No Change)
$1.53 billion ...... Self-employed medical insurance premiums (No Change)
$1.00 billion ...... Medical Savings/Health Savings Accounts (No Change)
$1.11 billion ...... Deductibility of medical expenses (No Change)

Housing tax benefits ($22.43 billion)
$10.00 billion ..... Mortgage Interest (No Change)
$4.51 billion ..... Deductibility of property taxes on homes (No Change)
$7.01 billion ..... Exclusion of net imputed rental income on owner-occupied homes (No Change)
$0.91 billion ...... Housing bonds & low-income housing investments (No Change)

Other individual deductions and exemptions ($37.58 billion)
$8.12 billion ..... Charitable contributions (No Change)
$7.91 billion ..... Local taxes (w/o home property) (No Change)
$1.56 billion ...... Workmen's compensation (No Change)
$7.33 billion ..... Education deductions and credits (No Change)
$7.01 billion ..... Child credit (No Change)
$0.98 billion ...... Child care credits and deductions (No Change)
$0.56 billion ......... Deduction for the blind and elderly (No Change)
$1.02 billion ...... Untaxed foreign personal income (No Change)
$1.01 billion ...... Employee parking and transit expenses (No Change)
$0.35 billion ...... Adoption and foster care tax credits (No Change)
$1.34 billion ...... Earned Income Tax Credit (EITC)- revenue loss component (No Change)
$0.39 billion ...... Other fringe benefits (No Change)


Total Budget: $360.15 billion
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Kaine for Senate '18
benconstine
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« Reply #1 on: November 18, 2010, 02:34:33 PM »

I'd like to see an increase in education spending.
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California8429
A-Bob
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« Reply #2 on: November 18, 2010, 02:36:49 PM »


I am thinking about this as well. If you have the time to break up the sections to be a little more specific, I think that would be better. This is obviously a basic run down and we can be as specific as we want, or introduce legislation specifying how education funds will be spend from this budget (aka not having to raise taxes, but just using existing funds).
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tmthforu94
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« Reply #3 on: November 18, 2010, 10:01:03 PM »

Have to agree with Ben on education. I'd like to see a couple more billion invested into it. We had a more in-depth plan on it earlier, I just can't seem to find the written-up version of it.
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California8429
A-Bob
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« Reply #4 on: November 18, 2010, 11:09:20 PM »

Have to agree with Ben on education. I'd like to see a couple more billion invested into it. We had a more in-depth plan on it earlier, I just can't seem to find the written-up version of it.

it never existed in text form. We just discussed it and brought up ideas.
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California8429
A-Bob
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« Reply #5 on: November 19, 2010, 06:45:34 PM »

I plan to have some tax numbers ready as well as updated spending for education during this Thanksgiving so that way we can see what the GM has to say for how much we'll raise in revenue.
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California8429
A-Bob
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« Reply #6 on: November 20, 2010, 05:47:29 PM »

The federal government is spending 64 billion for education.

We're spending about half that but we are only 1/5 of the country. I don't think we should increase education spending unless someone lays out a very specific plan of how the money will be spent.
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tmthforu94
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« Reply #7 on: November 20, 2010, 05:55:52 PM »

The federal government is spending 64 billion for education.

We're spending about half that but we are only 1/5 of the country. I don't think we should increase education spending unless someone lays out a very specific plan of how the money will be spent.
Great point. Not only in education, but across the board, I worry we're spending way too much. A regional report by the GM would be greatly appreciated on this matter, so we can have something to work with.
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California8429
A-Bob
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« Reply #8 on: November 24, 2010, 02:48:33 PM »
« Edited: January 19, 2011, 09:39:10 PM by Speaker of the Mideast Assembly A-Bob »

Income Tax Rate:
0%    $0 - $13,000
1%    $13,001 - $40,000
1.5%    $40,001 - $100,000
2%    $100,001 - $180,000
2.5%    $180,001 - $300,000
3%    $300,001 - $750,000
3.5%    $750,001 - $2,750,000
4.5%    $2,750,001+

-- 0.500 percent on taxable income between $5,001 and $10,000
-- 0.750 percent on taxable income between $10,001 and $15,000
-- 1.000 percent on taxable income between $15,001 and $20,000
-- 1.500 percent on taxable income between $20,001 and $40,000
-- 2.000 percent on taxable income between $40,001 and $80,000
-- 2.500 percent on taxable income between $80,001 and $100,000
-- 3.000 percent on taxable income between $100,001 and $200,000
-- 3.750 percent on taxable income of $200,001 and above.


There will be 0% tax on incomes below $5,000

Corporate Tax Rate:
0.1%    $0 - $50,000
0.5%    $50,001 - $75,000
1%    $75,001 - $125,000
1.5%    $125,001 - $350,000
2%    $350,001 - $1,000,000
2.5%    $1,000,001 - $10,000,000
3%    $10,000,001 - $20,000,000
3.5%    $20,000,001+

Sales Tax Rate: 1% 5.7% (exemption on medical and grocery tax)

Property Tax Rate:
0.5%    $0 - $50,000
1%    $50,001 - $75,000
1.5%    $75,001 - $125,000
2%    $125,001 - $350,000
2.5%    $350,001 - $750,000
3.5%    $750,001 - $10,000,000
4.5%    $10,000,001 +


Capital Gains: 0%


Excise Taxes:
Gas: 1.5 cents/gallon (2 cents/gallon for diesel).
Cigarettes: $0.70 per pack.
Other Tobacco Products: 40% Manufactures Price
Distilled Spirits: $2.50 per gallon
Wine: $0.25 per gallon
Beer: $0.15 per gallon

Suggestions? We probably won't keep these numbers, but getting a rundown from the GM would very much help us adjust if we need to go lower (most likely) or higher since our budget is under $200 $360 billion (not including tax cuts) and PS had our made up budget at $500-600 billion. That's a lot of cutting Cheesy
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Badger
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« Reply #9 on: November 24, 2010, 10:07:11 PM »

I just glanced at this and haven't calculated the numbers to see if the region's in the black or not, but you're to be commended on the structure you've set up here. Very therough.
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California8429
A-Bob
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« Reply #10 on: November 24, 2010, 10:22:55 PM »

I just glanced at this and haven't calculated the numbers to see if the region's in the black or not, but you're to be commended on the structure you've set up here. Very therough.

Thank you. Hopefully we'll be pretty close once you have all the numbers in.
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Badger
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« Reply #11 on: December 14, 2010, 12:47:01 PM »

FYI, this is being worked on as promised. Problem is trying to figure out the likely outcome by comparing the RL numbers of over half a dozen RL state budgets and tax systems. Tongue

Please be patient.
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RIP Robert H Bork
officepark
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« Reply #12 on: December 14, 2010, 03:40:59 PM »

It's looking quite good for a first draft. Good job, Speaker!
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California8429
A-Bob
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« Reply #13 on: December 14, 2010, 06:13:00 PM »

FYI, this is being worked on as promised. Problem is trying to figure out the likely outcome by comparing the RL numbers of over half a dozen RL state budgets and tax systems. Tongue

Please be patient.

No problem. Let me know if you come upon another large/important tax I left out. I'm pretty sure I covered all the majors.
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Badger
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« Reply #14 on: December 16, 2010, 04:32:34 PM »

FYI, this is being worked on as promised. Problem is trying to figure out the likely outcome by comparing the RL numbers of over half a dozen RL state budgets and tax systems. Tongue

Please be patient.

No problem. Let me know if you come upon another large/important tax I left out. I'm pretty sure I covered all the majors.

Update: I've reviewed some websites that I think will help give an overview of basic taxes and spending:

http://sunshinereview.org/core/state-budgets
http://sunshinereview.org/index.php/State_budget_issues,_2010-2011#Per_capita (click any state in Mideast)
http://www.usgovernmentspending.com/#usgs302a (Ohio listed just for example; also click on taxes tab at top).

The info from the middle link frankly makes my head spin. Tongue All I need is some time to add the RL spending of "Mideast" states and compare the total to the proposed budget, then compare RL tax rates for those states to the proposal, and reasonably guesstimate the resulting surplus/deficit.

The last link provides some good ratios of RL state spending priorities in pie graph form, btw.

Any/everyone feel free to chime in with thoughts or questions (or even take the lead in calculations Wink).
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California8429
A-Bob
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« Reply #15 on: December 16, 2010, 05:48:04 PM »

The last link has a tab with the total state and local spending, so it would be easy to add up, but it isn't just state like Colorado has $47 billion in spending, but our state budget is only around $18-19 billion
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Queen Mum Inks.LWC
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« Reply #16 on: December 19, 2010, 03:45:40 PM »

We also need to figure out which statutes we'll want to grandfather in, and how they'll affect the budget.
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California8429
A-Bob
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« Reply #17 on: December 19, 2010, 06:10:08 PM »

Obviously we'd want to include everything passed between the law setting up a budget and now (without any objections) as a start
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Badger
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« Reply #18 on: December 20, 2010, 11:08:20 AM »

We also need to figure out which statutes we'll want to grandfather in, and how they'll affect the budget.

However you guys want to do it is fine by me. You can review statute by statute to determine what effect they have on the final budget, or you can simply "punt" and assume the final numbers you decide on "include" any/all relevant prior statutes. The federal Budget Process Committee ultimately had to settle for this latter option, so again I'm fine with the region doing so too. Tongue

If there's anything historical that simply can't be ignored for the final numbers I'll let you all know, but I'll admit up front I'll be too busy to go looking. Wink

FYI, my trial today plead out so I hope to have time to assess the budget proposal this afternoon. I'm going to try my darnedest to have my assessment to you all before the holiday.
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Badger
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« Reply #19 on: December 21, 2010, 11:07:10 AM »

If the Reichstag Assembly would please take a break from trying to enact the editoral page of The National Review into law, I might get a chance to work on data for the budget. Tongue
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California8429
A-Bob
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« Reply #20 on: December 22, 2010, 01:57:30 PM »

If the Reichstag Assembly would please take a break from trying to enact the editoral page of The National Review into law, I might get a chance to work on data for the budget. Tongue

You are free to leave that debate up to the Assembly and other members of the region if you would like to be able to focus on the budget then Smiley
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Queen Mum Inks.LWC
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« Reply #21 on: December 26, 2010, 01:32:51 AM »

I've still got double shifts at work for a couple more days, so there's no huge rush.
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Badger
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« Reply #22 on: December 27, 2010, 09:58:37 AM »

If the Reichstag Assembly would please take a break from trying to enact the editoral page of The National Review into law, I might get a chance to work on data for the budget. Tongue

You are free to leave that debate up to the Assembly and other members of the region if you would like to be able to focus on the budget then Smiley

I'd like nothing more, A-Bob. But with the Assembly and Governors office entirely consisting of right-wingers (minus Junkie), it feels like its fallen to me to be the de facto opposition representative of anyone in the Mideast to the left of Attila the Hun. Tongue
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Badger
badger
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« Reply #23 on: December 27, 2010, 10:28:32 AM »

If the Reichstag Assembly would please take a break from trying to enact the editoral page of The National Review into law, I might get a chance to work on data for the budget. Tongue

You are free to leave that debate up to the Assembly and other members of the region if you would like to be able to focus on the budget then Smiley

I'd like nothing more, A-Bob. But with the Assembly and Governors office entirely consisting of right-wingers (minus Junkie), it feels like its fallen to me to be the de facto opposition representative of anyone in the Mideast to the left of Attila the Hun. Tongue

I vote we all push to the Hard Right just to annoy Badger.

Mission accomplished. Tongue

Besides, it'll just annoy A-Bob as yet another free spot on my calander is spent acting as the self-appointed Mideast's voice of reason rather than crunching the regional budget numbers. Wink
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Badger
badger
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« Reply #24 on: December 27, 2010, 10:55:15 AM »

If the Reichstag Assembly would please take a break from trying to enact the editoral page of The National Review into law, I might get a chance to work on data for the budget. Tongue

You are free to leave that debate up to the Assembly and other members of the region if you would like to be able to focus on the budget then Smiley

I'd like nothing more, A-Bob. But with the Assembly and Governors office entirely consisting of right-wingers (minus Junkie), it feels like its fallen to me to be the de facto opposition representative of anyone in the Mideast to the left of Attila the Hun. Tongue

I vote we all push to the Hard Right just to annoy Badger.

Mission accomplished. Tongue

Oh, you haven't seen "Far Right" yet. You're just seeing somewhere between Moderate and Conservative.

The fact that you honestly seem to believe that is....concerning.

Don't fly too close to the sun, young Icarus. The voters of this region are still largely moderates.
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