Question 1

Texas is known as a high tax state; because of this, it is a good place to do business.

Accepted Answer

A) True 
 B)False

Question 2

Federal funds appropriated in Texas generally are

Accepted Answer

A)  widely disbursed across numerous state agencies. 
B)  concentrated in one agency. 
C)  concentrated in a few state agencies. 
D)  determined at each annual legislative session. 
E)  earmarked almost exclusively for education. 
A)  widely disbursed across numerous state agencies. 
B)  concentrated in one agency. 
C)  concentrated in a few state agencies. 
D)  determined at each annual legislative session. 
E)  earmarked almost exclusively for education.

Question 3

The purpose of the Biennial Revenue Estimate is to provide

Accepted Answer

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

Question 4

The single most important source of revenue for state government in Texas is the property tax.

Accepted Answer

A) True 
 B)False

Question 5

In West Orange-Cove Consolidated ISD v. Neely, the Texas Supreme Court ruled that school districts had adequate discretion to set tax rates within their jurisdictions.

Accepted Answer

A) True 
 B)False

Question 6

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 7

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 8

Texas seeks to maintain a favorable environment for

Accepted Answer

A)  labor. 
B)  teachers. 
C)  businesses. 
D)  natural resources. 
E)  health and human services. 
A)  labor. 
B)  teachers. 
C)  businesses. 
D)  natural resources. 
E)  health and human services.

Question 9

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 10

Texas maintains a balanced budget because the state constitution requires it.

Accepted Answer

A) True 
 B)False

Question 11

In May 2014, the UT System Board of Regents decided on all of the following EXCEPT

Accepted Answer

A)  not to raise tuition for in-state students. 
B)  provisions to raise out-of-state tuition. 
C)  that the Board allocate monies to UT Austin from the state's Permanent University Fund. 
D)  that universities were allowed to approve optional four-year fixed tuition programs. 
E)  that the Board allocate monies to other Texas schools from the Available University Fund. 
A)  not to raise tuition for in-state students. 
B)  provisions to raise out-of-state tuition. 
C)  that the Board allocate monies to UT Austin from the state's Permanent University Fund. 
D)  that universities were allowed to approve optional four-year fixed tuition programs. 
E)  that the Board allocate monies to other Texas schools from the Available University Fund.

Question 12

When compared to the rest of the nation, the real estate collapse in Texas was

Accepted Answer

A)  more severe. 
B)  less severe. 
C)  remedied by low property tax rates. 
D)  about the same as the national trend. 
E)  caused primarily by increased production of oil and natural gas. 
A)  more severe. 
B)  less severe. 
C)  remedied by low property tax rates. 
D)  about the same as the national trend. 
E)  caused primarily by increased production of oil and natural gas.

Question 13

The Permanent University Trust Fund contributes to the support of all institutions in the University of Texas and Texas A&M university systems.

Accepted Answer

A) True 
 B)False

Question 14

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

Accepted Answer

A) True 
 B)False

Question 15

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)  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)  gasoline taxes and sales tax rates

Question 16

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 17

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

Accepted Answer

A) True 
 B)False

Question 18

For universities to be eligible for the National Research University Fund they must meet at least all of the following criteria EXCEPT

Accepted Answer

A)  maintain an endowment of at least $400 million in the two preceding academic years. 
B)  produce 200 Ph.D. degrees during the previous two years. 
C)  have a freshman class of high academic achievement. 
D)  have open enrollment for undergraduate students for 10 years. 
E)  have a demonstrable excellence in graduate education. 
A)  maintain an endowment of at least $400 million in the two preceding academic years. 
B)  produce 200 Ph.D. degrees during the previous two years. 
C)  have a freshman class of high academic achievement. 
D)  have open enrollment for undergraduate students for 10 years. 
E)  have a demonstrable excellence in graduate education.

Question 19

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 20

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

Accepted Answer

A) True 
 B)False

Texas is known as a high tax state; because of this, it is a good place to do business.

Federal funds appropriated in Texas generally are

The purpose of the Biennial Revenue Estimate is to provide

The single most important source of revenue for state government in Texas is the property tax.

In West Orange-Cove Consolidated ISD v. Neely, the Texas Supreme Court ruled that school districts had adequate discretion to set tax rates within their jurisdictions.

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

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

Texas seeks to maintain a favorable environment for

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.

Texas maintains a balanced budget because the state constitution requires it.

In May 2014, the UT System Board of Regents decided on all of the following EXCEPT

When compared to the rest of the nation, the real estate collapse in Texas was

The Permanent University Trust Fund contributes to the support of all institutions in the University of Texas and Texas A&M university systems.

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

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

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

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

For universities to be eligible for the National Research University Fund they must meet at least all of the following criteria EXCEPT

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?

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

The Political Culture, People, and Economy of Texas

The Texas Constitution

Texas in the Federal System

Political Parties in Texas

Elections in Texas

Interest Groups and Lobbying

The Texas Legislature

The Texas Executive Branch

The Texas Judiciary

Local Government in Texas

Public Policy in Texas

Crime and Corrections Policy in Texas

Filters

Exam 11: Public Finance in Texas

Texas is known as a high tax state; because of this, it is a good place to do business.

Federal funds appropriated in Texas generally are

The purpose of the Biennial Revenue Estimate is to provide

The single most important source of revenue for state government in Texas is the property tax.

In West Orange-Cove Consolidated ISD v. Neely, the Texas Supreme Court ruled that school districts had adequate discretion to set tax rates within their jurisdictions.

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

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

Texas seeks to maintain a favorable environment for

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.

Texas maintains a balanced budget because the state constitution requires it.

In May 2014, the UT System Board of Regents decided on all of the following EXCEPT

When compared to the rest of the nation, the real estate collapse in Texas was

The Permanent University Trust Fund contributes to the support of all institutions in the University of Texas and Texas A&M university systems.

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

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

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

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

For universities to be eligible for the National Research University Fund they must meet at least all of the following criteria EXCEPT

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?

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

The Political Culture, People, and Economy of Texas

The Texas Constitution

Texas in the Federal System

Political Parties in Texas

Elections in Texas

Interest Groups and Lobbying

The Texas Legislature

The Texas Executive Branch

The Texas Judiciary

Local Government in Texas

Public Policy in Texas

Crime and Corrections Policy in Texas

Filters