Question 1

One significant component of the budget process that is relatively unique to Texas is

Accepted Answer

A)  the constitutional mandate that Texas legislators write a budget every two years. 
B)  that, relative to other states, the rate of Texas employment and economic growth is extremely volatile. 
C)  a federal budget cycle that complicates the state budgeting process. 
D)  the unpredictability of natural disaster funding. 
E)  the governor's political agenda, which is influenced by election results. 
A)  the constitutional mandate that Texas legislators write a budget every two years. 
B)  that, relative to other states, the rate of Texas employment and economic growth is extremely volatile. 
C)  a federal budget cycle that complicates the state budgeting process. 
D)  the unpredictability of natural disaster funding. 
E)  the governor's political agenda, which is influenced by election results.

Question 2

The National Research University Fund (NRUF) was established through a constitutional amendment to provide a source of funding for

Accepted Answer

A)  community colleges in poorly performing districts. 
B)  community colleges in primarily minority districts. 
C)  independent school districts who sought to reduce the dropout rate. 
D)  school tuition relief based on the high rate of tuition increases colleges were experiencing. 
E)  universities seeking to achieve national prominence as research institutions. 
A)  community colleges in poorly performing districts. 
B)  community colleges in primarily minority districts. 
C)  independent school districts who sought to reduce the dropout rate. 
D)  school tuition relief based on the high rate of tuition increases colleges were experiencing. 
E)  universities seeking to achieve national prominence as research institutions.

Question 3

Nationally, what two factors caused the bubble in the real estate market?

Accepted Answer

A)  high interest rates and high foreclosures 
B)  low interest rates and low foreclosures 
C)  low interest rates and loose credit standards 
D)  tight credit standards and low interest rates 
E)  adjustable rate mortgages and poorly constructed homes 
A)  high interest rates and high foreclosures 
B)  low interest rates and low foreclosures 
C)  low interest rates and loose credit standards 
D)  tight credit standards and low interest rates 
E)  adjustable rate mortgages and poorly constructed homes

Question 4

It is common for the governor to call a special session of the legislature to deal with budget issues.

Accepted Answer

A) True 
 B)False

Question 5

The Permanent University Fund (PUF) was established in 1876 with a land grant of 1 million acres. It contributes to the support of

Accepted Answer

A)  all institutions of higher education in Texas. 
B)  virtually all community colleges in Texas. 
C)  only institutions designated by the state legislative body. 
D)  the University of Texas and Texas A & M university systems. 
E)  all Texas educational institutions, regardless of size or need. 
A)  all institutions of higher education in Texas. 
B)  virtually all community colleges in Texas. 
C)  only institutions designated by the state legislative body. 
D)  the University of Texas and Texas A & M university systems. 
E)  all Texas educational institutions, regardless of size or need.

Question 6

What happened when tuition and fees for Texas colleges were no longer controlled or mandated by the state legislature? Discuss the background conditions that led to this decision and how this impacted state funding for higher education.

Accepted Answer

When tuition and fees for Texas colleges

Question 7

Because the budget process in Texas operates on a two-year cycle, Texas legislators have adequate time to gather information, carefully analyze it, and craft a detailed and accurate state budget.

Accepted Answer

A) True 
 B)False

Question 8

Which of the following are not generally considered to be an example of regressive taxes or fees?

Accepted Answer

A)  sales taxes 
B)  property taxes 
C)  auto registration and inspection fees 
D)  income taxes 
E)  excise taxes on alcohol and cigarettes 
A)  sales taxes 
B)  property taxes 
C)  auto registration and inspection fees 
D)  income taxes 
E)  excise taxes on alcohol and cigarettes

Question 9

Prior to 2003, tuition rates for public colleges and universities in Texas tended to be

Accepted Answer

A)  slightly above the national average. 
B)  slightly below the national average. 
C)  about even with the national average. 
D)  much higher than the national average, because Texas has no state income tax. 
E)  low compared to other states. 
A)  slightly above the national average. 
B)  slightly below the national average. 
C)  about even with the national average. 
D)  much higher than the national average, because Texas has no state income tax. 
E)  low compared to other states.

Question 10

Federal matching funds are

Accepted Answer

A)  state monies going to support the federal government in its efforts to reduce the deficit. 
B)  awarded to states that agree to fund a federal program on behalf of their own citizens. 
C)  always distributed to states without any strings attached. 
D)  only awarded to states that have an income tax. 
E)  so small that they are an inconsequential part of state budget policy. 
A)  state monies going to support the federal government in its efforts to reduce the deficit. 
B)  awarded to states that agree to fund a federal program on behalf of their own citizens. 
C)  always distributed to states without any strings attached. 
D)  only awarded to states that have an income tax. 
E)  so small that they are an inconsequential part of state budget policy.

Question 11

The Texas legislature increased ______ to help compensate for lower property tax revenues in the 2012-2013 budget cycle.

Accepted Answer

A)  gasoline taxes 
B)  sales tax rates 
C)  income tax rates 
D)  state corporate franchise taxes and cigarette taxes 
E)  both gasoline taxes and sales tax rates 
A)  gasoline taxes 
B)  sales tax rates 
C)  income tax rates 
D)  state corporate franchise taxes and cigarette taxes 
E)  both gasoline taxes and sales tax rates

Question 12

The Permanent School Fund (PSF) was created in

Accepted Answer

A) 1854. 
B) 1932. 
C) 1996. 
D) 2001. 
E) 2010. 
A) 1854. 
B) 1932. 
C) 1996. 
D) 2001. 
E) 2010.

Question 13

Given the budget structure and constitutional limitations upon spending and taxing, legislators seeking to balance the budget are left with

Accepted Answer

A)  many choices as to how to balance the budget. 
B)  few choices as to how to balance the budget. 
C)  only one choice as to how to balance the budget. 
D)  no other option than to borrow heavily, thereby increasing state debt. 
E)  This issue is not discussed in the text and is therefore of no consequence. 
A)  many choices as to how to balance the budget. 
B)  few choices as to how to balance the budget. 
C)  only one choice as to how to balance the budget. 
D)  no other option than to borrow heavily, thereby increasing state debt. 
E)  This issue is not discussed in the text and is therefore of no consequence.

Question 14

Which is the single largest source of tax revenue for the state of Texas?

Accepted Answer

A)  income 
B)  sales 
C)  property 
D)  gasoline 
E)  various taxes on the energy industry 
A)  income 
B)  sales 
C)  property 
D)  gasoline 
E)  various taxes on the energy industry

One significant component of the budget process that is relatively unique to Texas is

The National Research University Fund (NRUF) was established through a constitutional amendment to provide a source of funding for

Nationally, what two factors caused the bubble in the real estate market?

It is common for the governor to call a special session of the legislature to deal with budget issues.

The Permanent University Fund (PUF) was established in 1876 with a land grant of 1 million acres. It contributes to the support of

What happened when tuition and fees for Texas colleges were no longer controlled or mandated by the state legislature? Discuss the background conditions that led to this decision and how this impacted state funding for higher education.

Because the budget process in Texas operates on a two-year cycle, Texas legislators have adequate time to gather information, carefully analyze it, and craft a detailed and accurate state budget.

Which of the following are not generally considered to be an example of regressive taxes or fees?

Prior to 2003, tuition rates for public colleges and universities in Texas tended to be

Federal matching funds are

The Texas legislature increased ______ to help compensate for lower property tax revenues in the 2012-2013 budget cycle.

The Permanent School Fund (PSF) was created in

Given the budget structure and constitutional limitations upon spending and taxing, legislators seeking to balance the budget are left with

Which is the single largest source of tax revenue for the state of Texas?

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

Exam 11: Public Finance in Texas

One significant component of the budget process that is relatively unique to Texas is

The National Research University Fund (NRUF) was established through a constitutional amendment to provide a source of funding for

Nationally, what two factors caused the bubble in the real estate market?

It is common for the governor to call a special session of the legislature to deal with budget issues.

The Permanent University Fund (PUF) was established in 1876 with a land grant of 1 million acres. It contributes to the support of

What happened when tuition and fees for Texas colleges were no longer controlled or mandated by the state legislature? Discuss the background conditions that led to this decision and how this impacted state funding for higher education.

Because the budget process in Texas operates on a two-year cycle, Texas legislators have adequate time to gather information, carefully analyze it, and craft a detailed and accurate state budget.

Which of the following are not generally considered to be an example of regressive taxes or fees?

Prior to 2003, tuition rates for public colleges and universities in Texas tended to be

Federal matching funds are

The Texas legislature increased ______ to help compensate for lower property tax revenues in the 2012-2013 budget cycle.

The Permanent School Fund (PSF) was created in

Given the budget structure and constitutional limitations upon spending and taxing, legislators seeking to balance the budget are left with

Which is the single largest source of tax revenue for the state of Texas?

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