Instructor below. Provide page number where answer was found.
Read State of Louisiana Fiscal Year 2019-20 Budget and State of New Jersey Fiscal Year 2019-20 Budget. Type your answers on this sheet in the space provided. If the item does not apply, write not applicable; if an answer cannot be found, write not found. If unsure, write the latter message.
When you provide an answer to each question, make sure to include the page number where the information was found in parentheses. Also, make it clear if the number you provided constitutes dollars, counts, or a percent. Do not forget to use the $ sign on all monetary values. If the amount is negative, be sure to indicate. Round percentages to 1 decimal point in answering a question. Show your calculation process when necessary. I often give partial credit for a wrong answer if the calculation process is correct.
1. In addition to state self-generated revenues (e.g. taxes, fees, charges, etc.), federal governments transfers and grant-in-aid also contribute a significant part of a states total revenue. Calculate the percentages of federal funds in Louisianas FY2019-20 budget.
2. a. In Louisianas FY 20 budget of the general fund, list top three spending and calculate their percentage share of total general funds (Note: focus on the appropriated number not the EOB number)
b. In New Jerseys FY 20 budget of the general fund, list the three departments that have the largest spending and calculate their percentage share of total general funds (Note: look for this information in Schedule 3 Expenditures Budgeted)
3. Louisiana passed constitutional Tax and Expenditure Limitation for more responsible fiscal control. a. Does this spending limit apply to non-discretionary spending?