The New State Tax Revenues - 866 Words

1.29 in new state tax revenues (Grow 2013). The ODL and northern Virginia (NOVA) community college want to become a base model for all institutions offering DL programs in the Commonwealth to emulate while surpassing other outside educational DL competitors. The partners are committed to producing quality educational opportunities to all Virginians, but believe it is a viable investment to concentrate on the northern region. This northern region will allow the partners to target a population that values degree attainment and possess a vast workforce within a concentrated area. The Associate Vice President of the ODL proclaims that â€Å"Northern Virginia is where the people and the jobs are† (A. Casiello, Personal Communication, July 11, 2012). Additionally, the focus of the DL partnership is to surface as the DL choice for citizens from among a pool of DL providers. Now all types of institutions - public and private, two year and four year, non-profit and for-profit-are vying for the same pool of students, public funding, research grants, and prestige. In the process they are creating a fierce competition that is slowly chipping away at higher education’s commitment to servicing public needs. (Couturier, 2005, p. 87) Ultimately, the institutional partners desire to enhance their relationship with other colleges and universities in the state, so that a unified statewide DL option can be offered to all Virginians. According to the Grow by Degrees presentation, for a campaignShow MoreRelatedWhy Do State Revenue Help Fund Important Services?1420 Words   |  6 PagesTo begin with, revenue is the money governments bring in, mainly from taxes. Why do we have state revenues? We have state revenue to help fund important services. Three areas of spending make up over half of state spending, on average. These three areas are K-12 education, higher education, and health care. Where do state revenues come from? More than half of state and local governments in 2008 came from six primary taxes. These came from sales taxes, including excise taxes, property taxes,Read MoreAmerica s Fiscal 2017 Budget1719 Words   |  7 Pagesabout 7 percent of Louisiana s revenue, its budget structure is more complex than other oil-producing states -- and probably most similar to Kansas in its budget woes, according to Leachman. Edwards s fiscal 2017 budget proposal includes dramatic cuts to virtually every part of state government: higher education, healthcare, the attorney general s office, and youth services. Some budget experts trace the start of Louisiana s revenue problems to the repeal of income tax increases under what has beenRead MoreGasoline Prices1309 Words   |  6 PagesGasoline Prices and State Sales Tax. According to Singers(Aug 24,2017), ITEP’S (July 2017), (July 2017), (Aug 2011), and(December 2011), higher sales and gas tax in Connecticut have consequences and a solution proposed to reduce tax burden on low income family. Based on the readings and my understanding of this topic, I conclude that increasing sales and gas taxes in Connecticut to fix a budget crisis will be financially harmful to low income families and needs to be addressed with the new policy. Singer(AugRead MoreEssay about Fair Tax: Avoidance of Taxes1696 Words   |  7 PagesPA 8720 - â€Å"Fair Tax† Policy Analysis John Maynard Keynes stated that â€Å"the avoidance of taxes is the only intellectual pursuit that carries any reward,† (Waters, 2011). In Missouri, while seeking to avoid an income tax, advocates for the â€Å"Fair Tax† have seemingly presented a proposal that is the antithesis of the pursuit Keynes deems worthy. They are proposing a constitutional amendment that would impose a sales tax that no Missourian could avoid. The â€Å"Fair Tax† would cost everyone, no matter theirRead MoreThe Explosive Growth Of E Commerce1732 Words   |  7 Pagesaffects the revenue of sales taxes and has made whether to levy taxes on Internet sales a hot debate. From the consumers’, online retailers’, and technology companies’ position, imposing sales tax on Internet sales will somehow limit the growth of both E-commerce and the Internet usage. From the side of brick-and-mortar retailers and the government body, tax advantage of E-commerce provides a market adv antage to web-based competitors, creates unfair competitions and sales tax revenue erosion. RecentlyRead MoreThe Effects Of Tax Reform1582 Words   |  7 Pagescorporate tax rates, we used two evaluative factors to measure effectiveness of our proposed policy alternatives. The most important evaluation mechanism for gauging the effectiveness of tax reform is the change in revenue attributed to the change in policy. Changes in state gross domestic product are also important to consider when proposing changes to corporate taxes, because a correlation can be made between tax rates and corporate economic output. Because Iowa has not reformed its corporate tax rateRead MoreEssay On Gas Tax1301 Words   |  6 Pages2011), higher sales and gas tax in Connecticut have consequences and a solution proposed to reduce tax burden on low income family. Based on the readings and my understanding of this topic, I conclude that increasing sales and gas taxes in Connecticut to fix a budget crisis will be financially harmful to low income families and needs to be address with the new poli cy. Singer(Aug 24,2017), pointed out that, Connecticut legislators are deciding to increase the sales tax from its current level to 6Read MoreRole of Tax Authority1218 Words   |  5 PagesTax Taxation The term tax has been derived from the French word taxe and etymologically, the Latin word taxare is related to the term tax, which means to charge. Tax is an obligatory payment in the part of the citizen without the expectation of any direct benefit. Taxation is the obligation of non-penal, yet compulsory transfer of resources from the private to the public sector levied on a basis of predetermined criteria and without reference to specific benefit received. It is one of theRead MoreAnalysis Of Morristown1044 Words   |  5 PagesBudget Analysis of Morristown, TN Like a majority of state and local governments, the City of Morristown raises revenue through taxation, fees, grants, and issuing bonds for capital projects (City of Morristown, 2017; Hyman, 2014). Like a vast majority of the United States, the Great Recession impacted the budget of Morristown, primarily through a loss in the citys manufacturing base (City of Morristown, 2017). Thankfully, since the end of the Great Recession Morristown finds its economic situationRead MoreThe Mission Of The Division Of Taxation951 Words   |  4 PagesDescription The mission of the Division of Taxation is to administer the State’s tax laws uniformly, equitably, and efficiently to maximize State revenues to support public services; and, to ensure that voluntary compliance within the taxing statutes is achieved without being an impediment to economic growth. The Division does the following to achieve this mission: †¢ Recognize, in all that we do, that our voluntary tax system requires that all of our clients be treated equally, consistently, and uniformly