A Requirement That the Governor's Operating Budget Be Balanced Usually

Multiple Choice

A requirement that the Governor's operating budget be balanced usually means that:

A) All expenditure proposed in that document must be covered either by revenue raised currently, available from prior year surpluses, or by borrowing on the promise to repay from future revenues.
B) All expenditure proposed in that document must be covered either by revenue raised currently or available from prior year surpluses.
C) The state can have no debt.
D) State expenditure cannot exceed state revenue for the year.