Question 1

Discuss the major sources of state revenue in Texas and the major categories of state spending.

Accepted Answer

a.Texas's reputation: Texas has a reputa

Question 2

The National Research University Fund was established through a constitutional amendment to provide a source of funding for

Accepted Answer

A)  community colleges in poorly performing districts. 
B)  community colleges in primarily minority districts. 
C)  independent school districts that sought to reduce the dropout rate. 
D)  universities seeking to achieve national prominence as research institutions. 
A)  community colleges in poorly performing districts. 
B)  community colleges in primarily minority districts. 
C)  independent school districts that sought to reduce the dropout rate. 
D)  universities seeking to achieve national prominence as research institutions.

Question 3

The Economic Stabilization Fund is also known as the

Accepted Answer

A)  Rainy Day Fund. 
B)  general revenue fund. 
C)  pay-as-you-go fund. 
D)  Enterprise Fund. 
A)  Rainy Day Fund. 
B)  general revenue fund. 
C)  pay-as-you-go fund. 
D)  Enterprise Fund.

Question 4

Which statement about the Texas budget is true?

Accepted Answer

A)  It covers a two-year period. 
B)  It can include deficit financing from some government operations. 
C)  It uses lottery proceeds to reduce deficits. 
D)  It allows the Highway Trust Fund to be used for education during economic recessions. 
A)  It covers a two-year period. 
B)  It can include deficit financing from some government operations. 
C)  It uses lottery proceeds to reduce deficits. 
D)  It allows the Highway Trust Fund to be used for education during economic recessions.

Question 5

The number of workers employed by Texas is smaller than that of many other states.

Accepted Answer

A) True 
 B)False

Question 6

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

Accepted Answer

A) True 
 B)False

Question 7

The main purpose of the Permanent School Fund is to

Accepted Answer

A)  buy textbooks for Texas children. 
B)  fund primary and secondary schools in the state. 
C)  fund universities and community colleges in the state. 
D)  fund the two main universities in Texas: the University of Texas and Texas A&M. 
A)  buy textbooks for Texas children. 
B)  fund primary and secondary schools in the state. 
C)  fund universities and community colleges in the state. 
D)  fund the two main universities in Texas: the University of Texas and Texas A&M.

Question 8

The Legislative Budget Board is chaired by

Accepted Answer

A)  the comptroller of public accounts. 
B)  the governor. 
C)  the lieutenant governor. 
D)  the land commissioner. 
A)  the comptroller of public accounts. 
B)  the governor. 
C)  the lieutenant governor. 
D)  the land commissioner.

Question 9

Which important fact(s)must be noted about this complicated system of public financing through these various budgets?

Accepted Answer

A)  The state budget involves huge amounts of money. 
B)  Much of the money lies outside the direct control of the legislature. 
C)  Federal expenditures have a very important role in shaping the overall direction of the state budget. 
D)  All of these are correct. 
A)  The state budget involves huge amounts of money. 
B)  Much of the money lies outside the direct control of the legislature. 
C)  Federal expenditures have a very important role in shaping the overall direction of the state budget. 
D)  All of these are correct.

Question 10

It is through what process that the legislature legally authorizes a government agency or body to spend up to a particular amount of money?

Accepted Answer

A)  state spending 
B)  revenue bonds 
C)  appropriations 
D)  general obligation bonds 
A)  state spending 
B)  revenue bonds 
C)  appropriations 
D)  general obligation bonds

Question 11

What determines the amount of tax revenue generated from oil and natural gas produced in Texas?

Accepted Answer

A)  the minimum wage and unemployment rate 
B)  market price and the amount produced 
C)  federal regulations and excise taxes imposed by the federal government 
D)  pipeline construction and environmental issues 
A)  the minimum wage and unemployment rate 
B)  market price and the amount produced 
C)  federal regulations and excise taxes imposed by the federal government 
D)  pipeline construction and environmental issues

Question 12

Which of the following is a consumer tax?

Accepted Answer

A)  sales tax 
B)  tobacco tax 
C)  motor vehicle sales tax 
D)  All of these are correct. 
A)  sales tax 
B)  tobacco tax 
C)  motor vehicle sales tax 
D)  All of these are correct.

Question 13

Which of the following statements is true?

Accepted Answer

A)  During the 2011 legislative session, it became apparent that the booming state economy had dramatically increased state revenues. 
B)  The effects of the Great Recession did not reach Texas, as the state enjoyed surplus revenues. 
C)  The legislative session in 2011 was particularly difficult because the Great Recession had significantly reduced state revenue. 
D)  The Texas legislature did not meet in 2011. 
A)  During the 2011 legislative session, it became apparent that the booming state economy had dramatically increased state revenues. 
B)  The effects of the Great Recession did not reach Texas, as the state enjoyed surplus revenues. 
C)  The legislative session in 2011 was particularly difficult because the Great Recession had significantly reduced state revenue. 
D)  The Texas legislature did not meet in 2011.

Question 14

Which of the following is at the heart of the budget process in Texas?

Accepted Answer

A)  the Permanent University Fund 
B)  the Texas Higher Education Coordination Board 
C)  the Texas comptroller 
D)  the Texas Education Commission 
A)  the Permanent University Fund 
B)  the Texas Higher Education Coordination Board 
C)  the Texas comptroller 
D)  the Texas Education Commission

Question 15

The Permanent School Fund is managed primarily by what entity?

Accepted Answer

A)  the governor 
B)  the Texas Higher Coordinating Board 
C)  the State Board of Education 
D)  a Blue Ribbon Committee on Education 
A)  the governor 
B)  the Texas Higher Coordinating Board 
C)  the State Board of Education 
D)  a Blue Ribbon Committee on Education

Question 16

Which of the following categories of taxes contributed most to the Texas treasury?

Accepted Answer

A)  oil and natural gas production 
B)  franchise 
C)  motor vehicle sales and rental 
D)  sales 
A)  oil and natural gas production 
B)  franchise 
C)  motor vehicle sales and rental 
D)  sales

Question 17

Texas will never have a personal income tax in the future because

Accepted Answer

A)  Bullock proposed a constitutional amendment that effectively gave the electorate a veto over any proposal for an income tax. 
B)  Bullock vetoed a bill proposing a state income tax. 
C)  former governor John Connally and then-governor Ann Richards were against the idea. 
D)  county commissioners must approve the personal income tax amendment, which is unlikely. 
A)  Bullock proposed a constitutional amendment that effectively gave the electorate a veto over any proposal for an income tax. 
B)  Bullock vetoed a bill proposing a state income tax. 
C)  former governor John Connally and then-governor Ann Richards were against the idea. 
D)  county commissioners must approve the personal income tax amendment, which is unlikely.

Question 18

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 19

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

Accepted Answer

A)  the Texas lottery. 
B)  gasoline taxes. 
C)  the federal government. 
D)  borrowing. 
A)  the Texas lottery. 
B)  gasoline taxes. 
C)  the federal government. 
D)  borrowing.

Question 20

The bulk of federal funds expenditures is in two areas: health and human services and education.

Accepted Answer

A) True 
 B)False

Discuss the major sources of state revenue in Texas and the major categories of state spending.

The National Research University Fund was established through a constitutional amendment to provide a source of funding for

The Economic Stabilization Fund is also known as the

Which statement about the Texas budget is true?

The number of workers employed by Texas is smaller than that of many other states.

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

The main purpose of the Permanent School Fund is to

The Legislative Budget Board is chaired by

Which important fact(s)must be noted about this complicated system of public financing through these various budgets?

It is through what process that the legislature legally authorizes a government agency or body to spend up to a particular amount of money?

What determines the amount of tax revenue generated from oil and natural gas produced in Texas?

Which of the following is a consumer tax?

Which of the following statements is true?

Which of the following is at the heart of the budget process in Texas?

The Permanent School Fund is managed primarily by what entity?

Which of the following categories of taxes contributed most to the Texas treasury?

Texas will never have a personal income tax in the future because

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.

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

The bulk of federal funds expenditures is in two areas: health and human services and education.

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

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Exam 11: Public Finance

Discuss the major sources of state revenue in Texas and the major categories of state spending.

The National Research University Fund was established through a constitutional amendment to provide a source of funding for

The Economic Stabilization Fund is also known as the

Which statement about the Texas budget is true?

The number of workers employed by Texas is smaller than that of many other states.

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

The main purpose of the Permanent School Fund is to

The Legislative Budget Board is chaired by

Which important fact(s)must be noted about this complicated system of public financing through these various budgets?

It is through what process that the legislature legally authorizes a government agency or body to spend up to a particular amount of money?

What determines the amount of tax revenue generated from oil and natural gas produced in Texas?

Which of the following is a consumer tax?

Which of the following statements is true?

Which of the following is at the heart of the budget process in Texas?

The Permanent School Fund is managed primarily by what entity?

Which of the following categories of taxes contributed most to the Texas treasury?

Texas will never have a personal income tax in the future because

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.

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

The bulk of federal funds expenditures is in two areas: health and human services and education.

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