Reference no: EM131304477
"Allocation and Allotments" Please respond to the following:
1. From the first e-Activity, examine and evaluate the disparity of Georgia budget allocation for education and property tax to the various localities.
Based on your assessment, challenge or defend the equity of the system across the various localities.
"Variance Analysis" Please respond to the following:
2. Recommend at least two strategies an administrator can apply to ensure that the budget is performing according to the established performance indicators. Justify your response.
3. From the second e-Activity on "Variance Analysis", propose at least two actions an administrator can take to avoid assumptions in budget items to avoid overlooking favorable or adverse line items in the budget. Provide examples to justify your response.
4. Propose at least two strategies to avoid assumptions in a multiyear plan. Justify your response.
5. Recommend at least two best practices for analyzing multiyear financial statements. Justify your response.
6. From the e-Activity on the "Quarterly Summary of State & Local Tax Revenue," illustrate with examples the burden of state, local, and state-local taxation in Georgia. Compare the burden of Georgia with two neighboring states.
General Taxes" Please respond to the following:
Review the following scenario and then analyze the impact of tax holidays on the budget.
(a) Scenario: Several states have declared sales tax holidays for which the state does not collect sales tax on selected items for those day or days. In most instances, the holiday has applied to purchases of clothing and the period has been a week to 10 days in August. The primary reason is to provide a "back-to-school" discount as families get ready for the upcoming year. However, in recent years, some states have proposed or enacted holidays for hurricane survival supplies, gasoline, Energy Star appliances, and guns and ammunition.
(b) Impact Analysis: Analyze the impact of tax holidays of up to 10 days in Georgia. Create a table with two (columns. The first column should list Yield, Equity, Administration and Compliance, and Economic Impact. The second column should explain the impact of tax holidays in each area.
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