Pacific Council: Pacific Budget FY2013

[Хahar 🤔]

IN THE PACIFIC COUNCIL


A RESOLUTION


Establishing the budget for the Pacific Government lasting from July 2013 until June 2014

Resolved by the Pacific Council convened,

Expenditures

$146.20 billion - School aid

$56.50 billion - Elementary, Secondary & Vocational education
$89.70 billion - Higher education

$84.30 billion - Economic development

$49.30 billion - Community development
$35.00 billion - Area and regional development

$112.70 billion - Transportation

$30.00 billion - Highways and highway safety
$30.00 billion - Mass transit
$30.00 billion - Railroads
$3.50 billion - Air Transportation
$2.70 billion - Water transportation
$2.50 billion - Other transportation
$14.00 billion - Non-Highway Roads

$49.30 billion - Public safety

$34.60 billion - Health services

$7.00 billion - Substance abuse and mental health services
$4.60 billion - Disease control, public health and bioterrorism
$15.70 billion - Health research and training
$4.00 billion - Food safety and occupational health and safety
$3.30 billion - Other health care services

$10.40 billion - Environment & energy

$5.30 billion - Alternative energy fund
$2.60 billion - Regulatory enforcement
$2.50 billion - Clean energy retrofitting

$17.30 billion - Direct aid & incentives to municipalities

$4.00 billion - Government administration

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TOTAL EXPENDITURES - $458.800 billion

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PROPOSED TAXES

Income Taxes

0.0%    $0 - $49,999
4.0%    $50,000 - $99,999 ($47.553 B)
7.0%    $100,000 - $249,999 ($45.474 B)
10%  $250,000 - $999,999 ($39.593 B)
15%   $1,000,000 + ($20.329 B)

ESTIMATED REVENUE: $152.949 B

Property Tax

$50 per mil on assessed value of land ($134.481 B)
(;lands with forests of any kind are exempt from this tax)

ESTIMATED REVENUE: $134.481 B

Excise Taxes

Gas: $1.50 cents per gallon ($54.675 B)
Diesel: $1.35 cents per gallon ($32.841 B)

ESTIMATED REVENUE: $87.516 B

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TOTAL REVENUES - $374.946 billion

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PROJECTED DEFICIT - $83.854 billion

Endnote: The federal government must act appropriately and pass necessary legislation  for the Pacific economy to recover. With that in mind, a 5-7% increase in tax revenue can be expected, and the direct aid to municipalities can be significantly reduced after the federal government chooses to subsidize them. This budget should not be passed for another year, or austerity overlords will destroy the region.

Sponsor: seatown
Since this has been debated at length in the budget committee thread, I'd like to motion to bring this to a final vote.

Please vote Aye or No.

[LastVoter]

Aye

[Fuzzybigfoot]

Aye

[Хahar 🤔]

Aye

[Хahar 🤔]

With a majority of the Council in favor, the legislation now proceeds to a final vote.

Please vote Aye or No.

[LastVoter]

Aye

[Fuzzybigfoot]

Aye

[Хahar 🤔]

Aye

[Хahar 🤔]

With three votes in favor and none opposed, this legislation is passed. It is hereby sent to the Governor for his approval.