Question 1

Which of the following is at the heart of the budget process in Texas?

Accepted Answer

A)  the lieutenant governor 
B)  the Texas Higher Education Coordination Board 
C)  the Texas comptroller 
D)  the Texas Education Commission 
E)  unions 
A)  the lieutenant governor 
B)  the Texas Higher Education Coordination Board 
C)  the Texas comptroller 
D)  the Texas Education Commission 
E)  unions

Question 2

Texas will not implement a statewide income tax in the immediate future because

Accepted Answer

A)  the voters would not approve the measure. 
B)  the federal government will veto a state constitutional amendment authorizing such a tax. 
C)  the Texas legislature could override the vote of the people if voters approved it. 
D)  there are currently other ways that Texas can generate revenue, so it may not be necessary to implement a statewide income tax. 
E)  the federal government must first approve it, and that is unlikely. 
A)  the voters would not approve the measure. 
B)  the federal government will veto a state constitutional amendment authorizing such a tax. 
C)  the Texas legislature could override the vote of the people if voters approved it. 
D)  there are currently other ways that Texas can generate revenue, so it may not be necessary to implement a statewide income tax. 
E)  the federal government must first approve it, and that is unlikely.

Question 3

Federal money is an important part of the Texas budget, but monies that Texas receives from the federal government

Accepted Answer

A)  often come with strings attached. 
B)  are usually categorical grants with no federal guidelines or mandates whatsoever. 
C)  are too insignificant to be included in the state budgetary process. 
D)  are usually not received in time to affect the budget process. 
E)  are usually earmarked for powerful Texas labor unions. 
A)  often come with strings attached. 
B)  are usually categorical grants with no federal guidelines or mandates whatsoever. 
C)  are too insignificant to be included in the state budgetary process. 
D)  are usually not received in time to affect the budget process. 
E)  are usually earmarked for powerful Texas labor unions.

Question 4

Because of recent budget shortfalls, the state legislature will implement a state income tax effective in 2016.

Accepted Answer

A) True 
 B)False

Question 5

Texas's 6.25 percent sales tax is the tenth highest in the nation.

Accepted Answer

A) True 
 B)False

Question 6

The Texas Constitution specifies that state payments for assistance to needy children and their caretakers shall not exceed ______ percent of the states' budget in any biennium.

Accepted Answer

A)  1 
B)  15 
C)  25 
D)  40 
E)  There is no limit. 
A)  1 
B)  15 
C)  25 
D)  40 
E)  There is no limit.

Question 7

The Texas Constitution prohibits all local governments from imposing additional sales taxes within their jurisdictions.

Accepted Answer

A) True 
 B)False

Question 8

Discuss the major source(s) of state revenue in Texas and the major categories of state spending.

Accepted Answer

The answer of Discuss the major source(s) of state revenue...

Question 9

The Texas economy is tied to the booms and busts of the national economy.

Accepted Answer

A) True 
 B)False

Question 10

The purpose of the Biennial Revenue Estimate (BRE) is to

Accepted Answer

A)  provide a detailed forecast of total revenues that the state is expected to take in. 
B)  provide a detailed forecast of expenditures the state expects to be obligated for in the two-year budget cycle. 
C)  provide a detailed forecast of the estimated federal funds the state can expect to receive during the two-year budget cycle. 
D)  provide the governor a detailed estimate of the likelihood of a balanced budget during the two-year budget cycle. 
E)  provide the federal government a detailed estimate of the need for federal funds to balance the Texas budget. 
A)  provide a detailed forecast of total revenues that the state is expected to take in. 
B)  provide a detailed forecast of expenditures the state expects to be obligated for in the two-year budget cycle. 
C)  provide a detailed forecast of the estimated federal funds the state can expect to receive during the two-year budget cycle. 
D)  provide the governor a detailed estimate of the likelihood of a balanced budget during the two-year budget cycle. 
E)  provide the federal government a detailed estimate of the need for federal funds to balance the Texas budget.

Question 11

Which statement concerning matching funds in Texas is true?

Accepted Answer

A)  Texas has historically enjoyed relatively high matching fund participation. 
B)  Texas has historically participated in matching funds at a relatively low rate. 
C)  Texas has participated in matching funds more aggressively than most states have. 
D)  Texas has never participated in matching funds funding because of statewide disapproval of big government. 
E)  Matching funds have not been available to Texas since Reconstruction. 
A)  Texas has historically enjoyed relatively high matching fund participation. 
B)  Texas has historically participated in matching funds at a relatively low rate. 
C)  Texas has participated in matching funds more aggressively than most states have. 
D)  Texas has never participated in matching funds funding because of statewide disapproval of big government. 
E)  Matching funds have not been available to Texas since Reconstruction.

Question 12

Authorized by voters in 1991, the Texas state lottery generates a sizeable sum for the state budget. Which of the following statements regarding the Texas lottery is true?

Accepted Answer

A)  The lottery is played almost entirely by poor people. 
B)  The lottery is played almost entirely by the wealthy. 
C)  The lottery is played by large numbers of people from all social classes. 
D)  All Texans unanimously support the lottery. 
E)  The lottery is the sole source of funding for education in Texas. 
A)  The lottery is played almost entirely by poor people. 
B)  The lottery is played almost entirely by the wealthy. 
C)  The lottery is played by large numbers of people from all social classes. 
D)  All Texans unanimously support the lottery. 
E)  The lottery is the sole source of funding for education in Texas.

Question 13

According to the text, just as the economy began to improve and state revenues started increasing, a new threat arose to threaten the newly balanced budget. It was the

Accepted Answer

A)  rising interest rates that increased the cost of borrowing. 
B)  increasing health care costs due to recent efforts to reform the health care system. 
C)  underfunded state pension system. 
D)  rising salaries of teachers. 
E)  state's public unions threatening a strike. 
A)  rising interest rates that increased the cost of borrowing. 
B)  increasing health care costs due to recent efforts to reform the health care system. 
C)  underfunded state pension system. 
D)  rising salaries of teachers. 
E)  state's public unions threatening a strike.

Question 14

______ monitors state agencies to ensure that they comply with the state budget.

Accepted Answer

A)  The LBB 
B)  The LBB, in conjunction with the State Auditor's Office, 
C)  The conference committee 
D)  The comptroller 
E)  The state legislature 
A)  The LBB 
B)  The LBB, in conjunction with the State Auditor's Office, 
C)  The conference committee 
D)  The comptroller 
E)  The state legislature

Question 15

Compared to other states, which statement regarding revenue sources for the state of Texas is true?

Accepted Answer

A)  Texas has low sales tax and low income tax. 
B)  Texas has no income tax and low sales tax. 
C)  Texas has high income tax and high sales tax. 
D)  Texas has no sales but high property tax. 
E)  Texas has no income tax but high sales tax. 
A)  Texas has low sales tax and low income tax. 
B)  Texas has no income tax and low sales tax. 
C)  Texas has high income tax and high sales tax. 
D)  Texas has no sales but high property tax. 
E)  Texas has no income tax but high sales tax.

Question 16

In theory, Texas has a dual-budget system, meaning the budget authority is shared by the governor and the legislature; however, in practice, the primary player(s) in the budget is/are

Accepted Answer

A)  the governor. 
B)  the legislature. 
C)  the taxpayers. 
D)  special interests. 
E)  the courts. 
A)  the governor. 
B)  the legislature. 
C)  the taxpayers. 
D)  special interests. 
E)  the courts.

Question 17

The Legislative Budget Board (LBB) is chaired by the

Accepted Answer

A)  comptroller. 
B)  governor. 
C)  Speaker of the House of Texas. 
D)  lieutenant governor. 
E)  The governor appoints the chair every two years. 
A)  comptroller. 
B)  governor. 
C)  Speaker of the House of Texas. 
D)  lieutenant governor. 
E)  The governor appoints the chair every two years.

Question 18

When the Texas state lottery went before the voters in 1991, the vast majority of Texans voted to approve it.

Accepted Answer

A) True 
 B)False

Question 19

Identify and discuss the major players in the budget process in Texas (offices or entities).

Accepted Answer

The answer of Identify and discuss the major players in...

Question 20

Next to revenue generated by state taxes, the second largest source of state revenue comes from

Accepted Answer

A)  the Texas lottery. 
B)  gasoline taxes. 
C)  the federal government. 
D)  borrowing. 
E)  pollution taxes levied on the energy industry. 
A)  the Texas lottery. 
B)  gasoline taxes. 
C)  the federal government. 
D)  borrowing. 
E)  pollution taxes levied on the energy industry.

Which of the following is at the heart of the budget process in Texas?

Texas will not implement a statewide income tax in the immediate future because

Federal money is an important part of the Texas budget, but monies that Texas receives from the federal government

Because of recent budget shortfalls, the state legislature will implement a state income tax effective in 2016.

Texas's 6.25 percent sales tax is the tenth highest in the nation.

The Texas Constitution specifies that state payments for assistance to needy children and their caretakers shall not exceed ______ percent of the states' budget in any biennium.

The Texas Constitution prohibits all local governments from imposing additional sales taxes within their jurisdictions.

Discuss the major source(s) of state revenue in Texas and the major categories of state spending.

The Texas economy is tied to the booms and busts of the national economy.

The purpose of the Biennial Revenue Estimate (BRE) is to

Which statement concerning matching funds in Texas is true?

Authorized by voters in 1991, the Texas state lottery generates a sizeable sum for the state budget. Which of the following statements regarding the Texas lottery is true?

According to the text, just as the economy began to improve and state revenues started increasing, a new threat arose to threaten the newly balanced budget. It was the

______ monitors state agencies to ensure that they comply with the state budget.

Compared to other states, which statement regarding revenue sources for the state of Texas is true?

In theory, Texas has a dual-budget system, meaning the budget authority is shared by the governor and the legislature; however, in practice, the primary player(s) in the budget is/are

The Legislative Budget Board (LBB) is chaired by the

When the Texas state lottery went before the voters in 1991, the vast majority of Texans voted to approve it.

Identify and discuss the major players in the budget process in Texas (offices or entities).

Next to revenue generated by state taxes, the second largest source of state revenue comes from

The Political Culture, People, and Economy of Texas

Texas and the Nation

The Texas Constitution

Political Parties in Texas

Elections in Texas

Interest Groups and Lobbying

The Texas Legislature

The Texas Executive Branch

The Texas Judiciary

Crime and Corrections Policy

Public Policy in Texas

Local Government in Texas

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Exam 11: Public Finance in Texas

Which of the following is at the heart of the budget process in Texas?

Texas will not implement a statewide income tax in the immediate future because

Federal money is an important part of the Texas budget, but monies that Texas receives from the federal government

Because of recent budget shortfalls, the state legislature will implement a state income tax effective in 2016.

Texas's 6.25 percent sales tax is the tenth highest in the nation.

The Texas Constitution specifies that state payments for assistance to needy children and their caretakers shall not exceed ______ percent of the states' budget in any biennium.

The Texas Constitution prohibits all local governments from imposing additional sales taxes within their jurisdictions.

Discuss the major source(s) of state revenue in Texas and the major categories of state spending.

The Texas economy is tied to the booms and busts of the national economy.

The purpose of the Biennial Revenue Estimate (BRE) is to

Which statement concerning matching funds in Texas is true?

Authorized by voters in 1991, the Texas state lottery generates a sizeable sum for the state budget. Which of the following statements regarding the Texas lottery is true?

According to the text, just as the economy began to improve and state revenues started increasing, a new threat arose to threaten the newly balanced budget. It was the

______ monitors state agencies to ensure that they comply with the state budget.

Compared to other states, which statement regarding revenue sources for the state of Texas is true?

In theory, Texas has a dual-budget system, meaning the budget authority is shared by the governor and the legislature; however, in practice, the primary player(s) in the budget is/are

The Legislative Budget Board (LBB) is chaired by the

When the Texas state lottery went before the voters in 1991, the vast majority of Texans voted to approve it.

Identify and discuss the major players in the budget process in Texas (offices or entities).

Next to revenue generated by state taxes, the second largest source of state revenue comes from

The Political Culture, People, and Economy of Texas

Texas and the Nation

The Texas Constitution

Political Parties in Texas

Elections in Texas

Interest Groups and Lobbying

The Texas Legislature

The Texas Executive Branch

The Texas Judiciary

Crime and Corrections Policy

Public Policy in Texas

Local Government in Texas

Filters