The Burnet County Road Authority was established as a separate government to maintain county highways. The road authority was granted statutory power to impose property taxes on county residents to cover its costs, but it is required to balance its budget, which must be prepared on a cash basis. In its first year of operations, it engaged in the following transactions, all of which were consistent with its legally adopted cash$$based budget:

$1.$ Amount of tax revenue it will be required to collect in year one: $\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_$

$2.$ Amount of tax revenue it will be required to collect in year two: $\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_$

$3.$ Amount of tax revenue it will be required to collect in year ten: $\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_$

$4.$ To what extent do the Burnet County Road Authority$$s budgeting and taxing policies promote interperiod equity? $\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_$

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What changes would you recommend? $\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_$

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