Exam 11: Public Finance in Texas

In addition to federal monies, which two other sources in recent years have had a major impact on monies flowing into the state budget?

What is the argument commonly used by supporters of a state income tax?

What is the appropriate use of the state's Rainy Day Fund, if NOT the economic recession the state and the nation have been experiencing since 2008?

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

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

Texas is one of a handful of states that does NOT have a state income tax.

Discuss three of the five budgetary categories that are part of the budget process in Texas.

The tax revenue projections of the Legislative Budget Board have been uniformly accurate regardless of changes in the economy in recent years.

Among the 50 states, Texas ranked forty-sixth on per capita state government expenditures.

What action forced the legislature to bring the 2012-2013 state budget into balance?

Texas has a reputation of being a ________ state.

The Legislative Budget Board plays an important role in the budget process in Texas.

The revenues flowing from the motor fuels tax are dedicated to all of the following EXCEPT

Much of the money in the state budget lies outside the direct control of the legislature.

The Economic Stabilization Fund is also known as the

Explain the impact of the Great Recession on Texas's budget.

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.

In 2012, Texas ranked ________ when compared to other states on the per capital federal dollars flowing into the state.

Federal matching funds are

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