Exam 13: Finance and Fiscal Policy

Explain the state's role in helping students afford a higher education.

Another name for the state's Economic Stabilization Fund is the

Which state program in Texas does not receive substantial federal funding?

The state's largest financial aid program is the

Arguably the most influential budgeting organization in Texas is the

The "pay-as-you-go" system means that the Texas legislature must

Describe the system of higher education funding at Texas colleges and universities. Explain how funding for community colleges differs from that of four-year institutions. Identify some of the controversies surrounding higher education funding.

Identify and describe the various taxes imposed by the state of Texas to raise revenues. Identify the population that each tax targets and an approximation of which taxes raise the most revenues.

The second largest single expenditure item by functional class of the Texas government is

Texas may accrue state debt when it

Approximately what percentage of state expenditures goes to all education funding in Texas?

A state tax levied on a natural resource taken from the earth is the

The "toilet-to-tap" program describes

Most major agency purchases are made through or are supervised by the

The tax that produces the most significant amount of revenuein Texas is the

The investment of state funds is currently handled by the

If someone fails to claim their prize from the Texas Lottery within 180 days after a drawing the money is used to fund

Taxes that rely more heavily on revenues from higher incomes are known as

Describe the rules regarding government debt in Texas. Why does the government borrow when it does? Describe both positive and negative aspects of the way that Texas handles government borrowing.