Exam 8: The State Budget and Budgetary Limitations

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California's bond rating has been increased to A from just above junk status mainly because

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Outline the budget process in California. Who has the greatest amount of influence and power in this process?

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When the state of California wants to borrow money it can issue

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Why does income from taxes vary in California? Which taxes are likely to vary the most?

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The publicly funded agencies most affected by the restrictions of Proposition 13 are

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Who are the Big 5?

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What did Proposition 5 mandate?

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Liberals argue that California's taxes are

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Raising taxes in California requires

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Which proposition instituted a majority vote requirement to pass the budget?

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