(Use Chapters 11 and 12 in the NYS Local Government Handbook) 1. There are generally a few stages to the typical budget process. What are they and which branches or agencies of government are responsible for each stage of the budget process? 2. What are the fiscal years for New York State? New York Counties? New York School Districts? New York Villages? 3. What is the most important source of local government revenue? 4. What is the single biggest expenditure item of states and localities? 5. What is the major problem with the property tax? 6. Explain what “regressive,” and “progressive” mean in terms of taxation. 7. In New York, refuse collection is most likely to account for the largest portion of the budget in which local jurisdiction? 8. In New York, welfare is most likely to account for the largest portion of the budget in which local jurisdiction? 9. According to Fred Siegel, what is the primary reason “New York is on the Precipice.” 10. According to Steven Malanga, what is the “real” message behind Detroit’s decline? 11. Please distinguish between a capital budget and an operating budget.