Question 1

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 over the next biennium. 
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. 
A)  a detailed forecast of total revenues that the state is expected to take in over the next biennium. 
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. A

Question 2

What is the most important single tax financing Texas government?

Accepted Answer

A)  income 
B)  sales 
C)  property 
D)  gasoline 
A)  income 
B)  sales 
C)  property 
D)  gasoline B

Question 3

The state legislature can impose any personal income tax without requiring voter approval.

Accepted Answer

A) True 
 B)False  False

Question 4

Which factor(s)related to public finance will work against a return to highly regulated tuition and fees?

Accepted Answer

A)  State political leaders want costs held down, but few want to return all decision making about tuition back to the legislature. 
B)  Most political leaders recognized that if Texas wants to build high-quality universities, someone has to pay for them. 
C)  The legislature has been unwilling to allocate more general revenue monies directly to fund higher education, even in an era of rapidly escalated costs in the industry. 
D)  All of these are correct. 
A)  State political leaders want costs held down, but few want to return all decision making about tuition back to the legislature. 
B)  Most political leaders recognized that if Texas wants to build high-quality universities, someone has to pay for them. 
C)  The legislature has been unwilling to allocate more general revenue monies directly to fund higher education, even in an era of rapidly escalated costs in the industry. 
D)  All of these are correct.

Question 5

A 2015 study found that the median monthly dollar amount spent on any lottery game was $100.

Accepted Answer

A) True 
 B)False

Question 6

Prior to 2003,tuition for public colleges and universities in Texas was set by the

Accepted Answer

A)  Board of Education. 
B)  state Department of Education. 
C)  governor's Department of Education. 
D)  state legislature. 
A)  Board of Education. 
B)  state Department of Education. 
C)  governor's Department of Education. 
D)  state legislature.

Question 7

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

Accepted Answer

A) True 
 B)False

Question 8

Identify and discuss the major players in the budget process in Texas (offices or entities).

Accepted Answer

a.Dual budget system: This means that re

Question 9

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. 
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.

Question 10

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 affected state funding for higher education.

Accepted Answer

a.Tuition deregulation: Prior to 2003 tu

Question 11

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 12

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. 
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.

Question 13

Given the budget structure and constitutional limitations on 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. 
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.

Question 14

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

Accepted Answer

A)  the alcoholic beverage tax and utility tax 
B)  the inheritance tax and hotel tax 
C)  the cigarette and tobacco taxes and motor fuel tax 
D)  the state lottery and the settlement the state reached with tobacco companies 
A)  the alcoholic beverage tax and utility tax 
B)  the inheritance tax and hotel tax 
C)  the cigarette and tobacco taxes and motor fuel tax 
D)  the state lottery and the settlement the state reached with tobacco companies

Question 15

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. 
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.

Question 16

According to the text,just as the economy began to improve and state revenues started increasing,a new threat arose to threaten the newly balanced budget.It was the

Accepted Answer

A)  rising interest rates that increased the cost of borrowing. 
B)  increasing health care costs due to recent efforts to reform the health care system. 
C)  underfunded state pension system. 
D)  rising salaries of teachers. 
A)  rising interest rates that increased the cost of borrowing. 
B)  increasing health care costs due to recent efforts to reform the health care system. 
C)  underfunded state pension system. 
D)  rising salaries of teachers.

Question 17

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 18

The ________ budget is one comprised of funds for dedicated revenues that target money for specific purposes.

Accepted Answer

A)  General Revenues Fund 
B)  General Revenue-Dedicated Funds 
C)  Federal Funds 
D)  Rainy Day Funds 
A)  General Revenues Fund 
B)  General Revenue-Dedicated Funds 
C)  Federal Funds 
D)  Rainy Day Funds

Question 19

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)  the constitutional mandate that Texas legislators allocate at least 50 percent of the budget towards health care. 
C)  a federal budget cycle that complicates the state budgeting process. 
D)  the unpredictability of natural disaster funding. 
A)  the constitutional mandate that Texas legislators write a budget every two years. 
B)  the constitutional mandate that Texas legislators allocate at least 50 percent of the budget towards health care. 
C)  a federal budget cycle that complicates the state budgeting process. 
D)  the unpredictability of natural disaster funding.

Question 20

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. 
A)  more severe. 
B)  less severe. 
C)  remedied by low property tax rates. 
D)  about the same as the national trend.

The purpose of the Biennial Revenue Estimate is to provide

What is the most important single tax financing Texas government?

The state legislature can impose any personal income tax without requiring voter approval.

Which factor(s)related to public finance will work against a return to highly regulated tuition and fees?

A 2015 study found that the median monthly dollar amount spent on any lottery game was $100.

Prior to 2003,tuition for public colleges and universities in Texas was set by the

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

Identify and discuss the major players in the budget process in Texas (offices or entities).

Federal funds appropriated in Texas generally are

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 affected state funding for higher education.

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

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?

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

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

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

According to the text,just as the economy began to improve and state revenues started increasing,a new threat arose to threaten the newly balanced budget.It was the

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

The ________ budget is one comprised of funds for dedicated revenues that target money for specific purposes.

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

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

The Political Culture,People,and Economy of Texas

The Texas Constitution

Texas in the Federal System

Political Parties

Campaigns and Elections

Interest Groups and Lobbying

The Legislature

The Executive Branch

The Judiciary

Local Government

Public Policy

Crime and Corrections Policy

Filters

Exam 11: Public Finance

The purpose of the Biennial Revenue Estimate is to provide

What is the most important single tax financing Texas government?

The state legislature can impose any personal income tax without requiring voter approval.

Which factor(s)related to public finance will work against a return to highly regulated tuition and fees?

A 2015 study found that the median monthly dollar amount spent on any lottery game was $100.

Prior to 2003,tuition for public colleges and universities in Texas was set by the

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

Identify and discuss the major players in the budget process in Texas (offices or entities).

Federal funds appropriated in Texas generally are

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 affected state funding for higher education.

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

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?

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

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

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

According to the text,just as the economy began to improve and state revenues started increasing,a new threat arose to threaten the newly balanced budget.It was the

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

The ________ budget is one comprised of funds for dedicated revenues that target money for specific purposes.

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

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

The Political Culture,People,and Economy of Texas

The Texas Constitution

Texas in the Federal System

Political Parties

Campaigns and Elections

Interest Groups and Lobbying

The Legislature

The Executive Branch

The Judiciary

Local Government

Public Policy

Crime and Corrections Policy

Filters