Compare and contrast the fiscal health of the states of California, Mississippi, and Nevada in great detail, analyzing the use of particular revenue sources and patterns of spending.
PUBLIC BUDGETING & FINANCE –Assessment 2: Spring 2017 [total: 25 points]I will analyze the quality of your argument, analysis, organization, presentation, and writingstyle/ability in grading these assessments. You may use any resource to respond to these essayquestions, other than your classmates. If you use any written, electronic, or other resource,provide a citation as well as a reference list. I do not care what style manual you use, but beconsistent in your citation/reference format. In other words: Do not use anyone else’s words orideas without letting me know that they are not your own. Failure to cite sources is plagiarismand will result in a grade of “0.” Your work must be typed and double-spaced; number yourpages and put the number of each question by your response.
A. MICRO ESSAYSAnswer five of the following in a page or less each. Define and also give the significance to thestudy of public budgeting and finance (1 point each)1. Budget deficit 2. U.S. debt 3. Municipal bonds 4. Tax expenditure5. gross receipts tax 6. Income elasticity 7. Economic efficiency
B. MAJOR INTEGRATIVE ESSAYS (10 points each)Respond to two of the following essay questions. You need to address these questions withthoughtful ANALYSIS in order to do well. When a question calls for your opinion, support anddefend that opinion. Generally, I challenge you to be creative, and give as many examples as youcan. I don’t care what your opinions are (I mean that I won’t discriminate against you if youropinions are not the same as mine!); I just want you to tell me why you have them, and, ofcourse, your reasons must be logical! It is better to err on the side of giving more informationrather than not enough.
1. Compare and contrast the fiscal health of the states of California, Mississippi, and Nevada ingreat detail, analyzing the use of particular revenue sources and patterns of spending.
2. Use an online federal budget simulator such as www.fiscalship.org to try to improve theU.S.’s fiscal choices. Take notes as you go through the simulation; explain all of your choices.Could you balance the budget? Have you alleviated the debt issue? Why or why not? Reviewthe consequences of your choices from a public finance perspective: explain the roles/difficulty/etc. of sourcing revenue and spending patterns in your attempt at balancing the budget.
3.Compare and contrast the fiscal health of three major cities in the U.S. and two othercountries in great detail, analyzing the use of particular revenue sources and patterns ofspending.
Your work must be your own.
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