Answered step by step
Verified Expert Solution
Question
1 Approved Answer
What is the purpose of the Economic Stabilization Fund (ESF)? a. The ESF is designed to ensure that tuition at Texas public colleges and universities
What is the purpose of the Economic Stabilization Fund (ESF)? a. The ESF is designed to ensure that tuition at Texas public colleges and universities remains consistent with inflation. b. Public officials such as police officers and firefighters who worked for smaller cities and towns that did not have their own pensions are eligible to gain pension benefits through the ESF. c. If there is a budget deficit, or a budget shortfall develops during a biennium, monies from the ESF can be used to fill these gaps if approved by a 3/5 vote of members of both houses of the legislature. d. The EST ensures public officials have stable pension funds
Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access to Expert-Tailored Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started