The purpose of the Biennial Revenue Estimate is to provide
A) a detailed forecast of total revenues that the state is expected to take in.
B) a detailed forecast of expenditures the state expects to be obligated for in the two-year budget cycle.
C) a detailed forecast of the estimated federal funds the state can expect to receive during the two-year budget cycle.
D) the governor a detailed estimate of the likelihood of a balanced budget during the two-year budget cycle.
E) the federal government a detailed estimate of the need for federal funds to balance the Texas budget.
Correct Answer:
Verified
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