Welcome to the great STATE OF TAXES
Ever wonder what your State government does with your exaction/extortion money called revenues, taxes, and fees?
I’d like to introduce you to the Texas State “ANNUAL CASH REPORT”, where it states that over $26 billion of your hard earned tax dollars are quietly tucked away in the State Treasurer Investment Fund.
Let’s take a look at what Texas reports that it does with its $26 billion extra taxation…
The following is a breakdown of the pooled cash and cash equivalent investments which is reported at fair market value (FMV) in financial institutions by type of instrument:
Treasury Fund Cash
Time Deposit – $4,749,600
Non-interest-bearing Demand Accounts and NOW Accounts – $568,521,205
BIDTX – $440,000,000
Repurchase Agreements – $900,000,000
US Government Securities (FMV) – $12,918,191,221
Mortgage Backed Government Securities (FMV) – $2,206,698,449
Asset Backed Securities – $2,399,504,254
Bankers Acceptance – $0
Commercial Paper –
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