Exam 8: The California Budget Process

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When local taxes are taken into account,the total average sales tax rate paid by consumers is about ______.

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When expenses exceed revenues,the state has ______.

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Health and human services expenses encompass a range of essential services such as Medical,food assistance,residential care for the elderly,health care for children,and benefits for the disabled.

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Personal income taxes are the greatest portion of state revenues in California,as they are in most U.S.states.

(True/False)
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Interest on the state's debt obligations represents approximately how much of the state's general fund budget?

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It is common practice for governors to veto the entire state budget bill.

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Local governments are prohibited from lobbying the state legislature about budget items that affect their cities,counties,special districts,or school districts.

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The top 1% of income-earners in California paid close to half of the state's total income taxes.

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In an average year,what is the state's largest single source of revenue?

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Outline the major steps involved in preparing and passing the annual budget.

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Of the 7.25 cents in sales taxes that are collected on every dollar spent on taxable goods or services in California,the state reallocates ______ to local governments.

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How did Proposition 30 help eliminate the state's structural budget deficit?

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California taxpayers are generally opposed to higher taxes.They tend to make exceptions and to support new taxes or higher tax rates when ______.

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The governor has virtually no ability to change the amounts of items in the state budget,which is a spending plan driven by the actual costs of agencies,past budget allocations,and mandatory spending that is already set in state law.

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Which of these tools have voters used to raise revenues for the state (i.e. ,through initiatives)?

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The legislature's two top leaders,the assembly speaker and the senate president pro tem,negotiate with the governor over the terms of the budget as well as the language in important bills.Together,these leaders (the speaker,president pro tem,and governor)are known as the "Big Three."

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Considering property,income,corporate,excise,and sales taxes,California has the highest tax burden in the nation.

(True/False)
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What are "unfunded liabilities?"

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What is the difference between budgetary borrowing and general obligation bond debt?

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Under Governor Jerry Brown,the state's structural deficit has been eliminated.

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