S.21.1-16: Southern Budget Act of 2021 (Tabled) (user search)
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  S.21.1-16: Southern Budget Act of 2021 (Tabled) (search mode)
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Author Topic: S.21.1-16: Southern Budget Act of 2021 (Tabled)  (Read 317 times)
tmthforu94
Atlas Star
*****
Posts: 22,402
United States


Political Matrix
E: -0.26, S: -4.52

P P P
« on: April 20, 2021, 10:01:07 PM »
« edited: April 30, 2021, 10:45:18 AM by tmthforu94 »

Quote
Southern Budget Act
Section 1: This bill will hereby be known as the Southern Budget Act of 2021

Section 2: Spending and Appropriations
A: for the fiscal period beginning in March of 2021, the following departments will be funded at the following levels

* Pensions
Base: $68.00 Billion
Total: $68.00 Billion (100.00%)

* Healthcare
Base: $190.17 Billion
Jeb Stuart Act: $500,000
Raccoon Resistance Act: $20 Million
Doctors and Hospitals Act: $149 Million
Generic Spending: $190.00 Billion
Total: $190.17 Billion (100.00%)

* Education
Base: $105.83 Billion
Development of Foreign Language Programs in Schools Act: $10 Million
Young Athletes Act: $5 Million
School is Cool Act: $5 Million
Opidate Overdose Prevention Act: $2 Million
Teaching Incentives Act: $76 Million
Go South Young Man Act: $735 Million
Generic Spending: $105.00 Billion
STEM in School Supply Enhancement Act: $1.08 Billion
Appreciate Our Teachers Act: $7.68 Billion
Total: $114.59 Billion (108.28%)

* Defense
Base: $0.50 Billion
Total: $0.50 Billion (100.00%)

* Welfare
Base: $30.76 Billion
Prison Reform Act: $170 Million
Inmate Resources: $165 Million
Obsolete Crimes Deletion: $30 Million
Generic Spending: $30.39 Billion
Total: $30.76 Billion (100.00%)

* Protection/Security
Base: $30.00 Billion
Total: $30.00 Billion (100.00%)

* Transportation
Base: $48.01 Billion
Naval Infrastructure Spending Act: $8 Billion
Everglades Protection: $10 Million
Fast Act Amendments: $3 Million
Fast Act Amendments Act: $3 Million
Generic Spending: $40.00 Billion
Total: $48.01 Billion (100.00%)

* General Government
Base: $11.16 Billion
Rough Bulldog Act: $8,000
Sales Tax Exemption: $7.45 Million
Southern Tax Relief Credit: $860 Million
Tax-Exempt HSAs Act: $19 Million
Asset Seizure: $311 Million
Southern Infrastructure Act Act: $10 Billion
Construction of Telescope: $500 Million
Asian Carp Suck Act: $1 Million
Gambling Immorality Tax Act: $57.35 Million
Southern Environmental Act: $2 Million
Promoting Patriotic Purchasing: $1 Million
Generic Spending: $9.96 Billion

2020 Total: $21.72 Billion (195.62%)

*New Spending from 2020:
Christmas Cheer Act: $125,000
Efficient Products Credit Act: x
Earn While You Learn Act: $5 Million
Access to Early Childhood Education Act: $6 Billion
Improved Public Transit Act: $2 Billion
Southern Small Business Administration Act: $7 Billion
Confederate Statues Removal Act: $25 Million
GARRISON Act: $15 Million
Justice in Policing Act: $120 Million
Family Opportunity Fund: $150 Billion
Sport Stadium Reopening Fund: $10 Million
Southern COVID-19 Vaccination Act: $2.55 Billion

New Spending from 2020 Legislation Total: $167,725,125,000

* Discretionary
Base: $50.00 Billion
Disaster Relief Fund Act: $10 Billion (allocated to come out of discretionary budget for previous year, included for completeness)
Southern Infrastructure Act Act: $5 Billion (allocated to come out of discretionary budget for previous year, included for completeness)
Total: $50.00 Billion (100.00%)

Total Regional Spending from 2020 Budget: $590.41 Billion
Total Regional Spending from 2021 Budget: $758.14 Billion

Section 3: Taxes and Revenue
A: For the fiscal period beginning in March 2020, taxes and revenues collected shall be the following:

* Income Tax
Base: $114.75 Billion (*Where did this number come from???)
Corporate (5% Tax): $22.28 Billion
Ho's Gotta Grind Act: $300 Million

Income Tax Rates (Added from Family Opportunity Fund):
[$0-$75,000] 0%
[$75,001-$125,000] 3.5%
[$125,001-$1,000,000] 7%
[$1,000,001+] 9.5%


Total: $137.33 Billion

* Social Security
Base: $76.93 Billion
Total: $76.93 Billion (0% tax)

* Additional/Ad Valorem
Base: $227.11 Billion
Excise/Marijuana: $3.76 Billion per year (20% Tax)
Prison Reform Act: $ 22.3 Million per year
Animal Welfare Act Tokens: $370,000
Celebrating Southern Region Act: $3.2 Million
Opiate Overdose Prevention Act: $841.4 Million per year
Abortion-related Taxes: $13.2 Million per year
Online Lottery Act: $314.7 Million per year
Gambling Taxes: $1.32 Billion per year
Southern Energy Act: $2.06 Billion

Gas Tax: $18 Billion per year (30 cents per gallon)
2020 Total: $235.45 Billion
2021 Total: $253.45 Billion

* Fees and Charges
Base: $96.95 Billion
Real ID Compliance: $20.3 Million
Gambling Act: $513.1 Million per year
Better Skools Act: $18.3 Million
Ban Ban Ban Act: $21.8 Million
One More Year Act: $8.1 Million
Total: $97.53 Billion

* Business and Other Revenue
Base: $58.71 Billion
Total: $58.71 Billion (0% Tax)

2020 Total regional revenue: $605.94 Billion
2020 Reserves: $22.00 Billion
2020 Balance: +$15.53 Billion
2020 Reserves + Balance: $37.53 Billion

2021 Total regional revenue: x
2021 Reserves $37.53 Billion
2021 Balance: x
2021 Reserves + Balance: x


Section 4: Implementation
This bill will take effect immediately upon becoming law

Sponsor: Governor LT

Minimum 48 hours debate (we will go well beyond that, believe me). The Governor is invited to speak on the budget proposal.
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tmthforu94
Atlas Star
*****
Posts: 22,402
United States


Political Matrix
E: -0.26, S: -4.52

P P P
« Reply #1 on: April 30, 2021, 10:45:34 AM »

Due to the bill not being passed by end of session, it is tabled and must be reintroduced.
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