Which of the following is NOT a player in the Texas budget process?

The Federal Reserve Board is not involved in the Texas budget process. The Texas budget process is primarily managed at the state level, with key players such as the Governor, who has significant influence over budget proposals and final budget negotiations; the Legislative Budget Board, which guides the development of the state's budget and reviews agency requests; and state agencies that prepare budget requests and detail how funds will be used in their respective departments.

The Federal Reserve Board, on the other hand, is a federal entity responsible for monetary policy and does not play a role in the budgetary processes of individual states like Texas. Thus, when considering the state's budgetary framework, involvement is limited to state officials and agencies, making the Federal Reserve Board an unrelated entity in this context.