Question 1

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

Accepted Answer

A) True 
 B)False

Question 2

Texas spending on a per capita basis is

Accepted Answer

A)  about even with the national average. 
B)  much higher than the national average. 
C)  much lower than the national average. 
D)  among the highest, particularly in education. 
A)  about even with the national average. 
B)  much higher than the national average. 
C)  much lower than the national average. 
D)  among the highest, particularly in education.

Question 3

The Legislative Budget Board's draft budget, not the governor's budget, is the one voted upon by the legislature.

Accepted Answer

A) True 
 B)False

Question 4

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 toward 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 toward health care. 
C)  a federal budget cycle that complicates the state budgeting process. 
D)  the unpredictability of natural disaster funding.

Question 5

The ________ is a dedicated fund established by the constitution for the support of public education in the state.

Accepted Answer

A)  Permanent University Fund 
B)  Available School Fund 
C)  National Research University Fund 
D)  state lottery 
A)  Permanent University Fund 
B)  Available School Fund 
C)  National Research University Fund 
D)  state lottery

Question 6

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 7

Most federal expenditures in Texas go to education and health and human services. However, in order to receive these funds, Texas must

Accepted Answer

A)  allow the federal government to manage these programs. 
B)  coordinate efforts with neighboring states to achieve economies of scale. 
C)  implement progressive taxes in order to generate more revenue. 
D)  spend state money in these areas first. 
A)  allow the federal government to manage these programs. 
B)  coordinate efforts with neighboring states to achieve economies of scale. 
C)  implement progressive taxes in order to generate more revenue. 
D)  spend state money in these areas first.

Question 8

The Rainy Day Fund is more properly known as the National Research University Fund.

Accepted Answer

A) True 
 B)False

Question 9

Texas has a reputation of being a ________ state.

Accepted Answer

A)  "low service, high tax" 
B)  "low service, low tax" 
C)  "no services, low tax" 
D)  "high service, high tax" 
A)  "low service, high tax" 
B)  "low service, low tax" 
C)  "no services, low tax" 
D)  "high service, high tax"

Question 10

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 11

Insurance occupation taxes are levied on

Accepted Answer

A)  insurance premiums. 
B)  the cost of insurance licensing exams. 
C)  the salaries of insurance brokers. 
D)  insurance benefits paid to claimants. 
A)  insurance premiums. 
B)  the cost of insurance licensing exams. 
C)  the salaries of insurance brokers. 
D)  insurance benefits paid to claimants.

Question 12

The ________ budget is 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 13

What happens if money needs to be transferred from one agency to another and the legislature is not in session to authorize this transfer?

Accepted Answer

A)  The governor can propose the transfer and the LBB can approve the proposal. 
B)  The governor has to call a special session of the legislature to solve this problem. 
C)  The agency receiving the money will have the funds debited from its budget in the next state budget, and the agency giving the money will have the funds credited to its budget in the next state budget. 
D)  The comptroller of public accounts can authorize the transfer. 
A)  The governor can propose the transfer and the LBB can approve the proposal. 
B)  The governor has to call a special session of the legislature to solve this problem. 
C)  The agency receiving the money will have the funds debited from its budget in the next state budget, and the agency giving the money will have the funds credited to its budget in the next state budget. 
D)  The comptroller of public accounts can authorize the transfer.

Question 14

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

Accepted Answer

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

Question 15

Texas ranks _________ in terms of state spending per capita, and it ranks _________ in terms of how much money it gets from the federal government per capita.

Accepted Answer

A)  low; high 
B)  in the middle; in the middle 
C)  high; low 
D)  low; in the middle 
A)  low; high 
B)  in the middle; in the middle 
C)  high; low 
D)  low; in the middle

Question 16

Because the budget process in Texas operates on a two-year cycle, Texas legislators have adequate time to gather information, carefully analyze it, and craft a detailed and accurate state budget.

Accepted Answer

A) True 
 B)False

Question 17

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

Question 18

When you pay your motor vehicle registration fees, the money goes into which fund?

Accepted Answer

A)  User Fee Fund 
B)  Department of Motor Vehicles Fund 
C)  Road Maintenance Fund 
D)  State Highway Fund 
A)  User Fee Fund 
B)  Department of Motor Vehicles Fund 
C)  Road Maintenance Fund 
D)  State Highway Fund

Question 19

Article 8 (Section 22) of the Texas Constitution specifies that the growth in appropriations cannot be more than the growth of the state's economy.

Accepted Answer

A) True 
 B)False

Question 20

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.

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

Texas spending on a per capita basis is

The Legislative Budget Board's draft budget, not the governor's budget, is the one voted upon by the legislature.

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

The ________ is a dedicated fund established by the constitution for the support of public education in the state.

The Economic Stabilization Fund is also known as the

Most federal expenditures in Texas go to education and health and human services. However, in order to receive these funds, Texas must

The Rainy Day Fund is more properly known as the National Research University Fund.

Texas has a reputation of being a ________ state.

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

Insurance occupation taxes are levied on

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

What happens if money needs to be transferred from one agency to another and the legislature is not in session to authorize this transfer?

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

Texas ranks _ in terms of state spending per capita, and it ranks _ in terms of how much money it gets from the federal government per capita.

Because the budget process in Texas operates on a two-year cycle, Texas legislators have adequate time to gather information, carefully analyze it, and craft a detailed and accurate state budget.

What is the most important single tax financing Texas government?

When you pay your motor vehicle registration fees, the money goes into which fund?

Article 8 (Section 22) of the Texas Constitution specifies that the growth in appropriations cannot be more than the growth of the state's economy.

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 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

Building the Future: Public Policies for a Changing Texas

Filters

Exam 11: Public Finance

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

Texas spending on a per capita basis is

The Legislative Budget Board's draft budget, not the governor's budget, is the one voted upon by the legislature.

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

The ________ is a dedicated fund established by the constitution for the support of public education in the state.

The Economic Stabilization Fund is also known as the

Most federal expenditures in Texas go to education and health and human services. However, in order to receive these funds, Texas must

The Rainy Day Fund is more properly known as the National Research University Fund.

Texas has a reputation of being a ________ state.

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

Insurance occupation taxes are levied on

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

What happens if money needs to be transferred from one agency to another and the legislature is not in session to authorize this transfer?

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

Texas ranks _________ in terms of state spending per capita, and it ranks _________ in terms of how much money it gets from the federal government per capita.

Because the budget process in Texas operates on a two-year cycle, Texas legislators have adequate time to gather information, carefully analyze it, and craft a detailed and accurate state budget.

What is the most important single tax financing Texas government?

When you pay your motor vehicle registration fees, the money goes into which fund?

Article 8 (Section 22) of the Texas Constitution specifies that the growth in appropriations cannot be more than the growth of the state's economy.

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 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

Building the Future: Public Policies for a Changing Texas

Filters

Texas ranks _ in terms of state spending per capita, and it ranks _ in terms of how much money it gets from the federal government per capita.