Texas Government 2306 - Exam 3
Fiscal policy is a public policy which concerns what area?
A. Taxing
B. Government spending
C. Public Debt
D. Management of government money
E. All of the above - correct answer-Fiscal policy is a public policy which concerns what
area?
E. All of the above
Fiscal policy covers taxing, govt spending, public debt and management of govt money.
T or F
Texas government adopts a biennial budget. - correct answer-TRUE
Since the legislation only meets biennial, they must adopt a budget which covers the two
years.
The Comptroller certified how much in the 2013-2015 Budget?
A. $150 Billion
B. $101 Billion
C. $208 Billion
D. $112 Billion - correct answer-The Comptroller certified how much in the 2013-2015
Budget?
C. $208 Billion
There was $101 Billion identified for General Purpose spending
$112 Billion is the Federal Funding in the 2013 Budget.
T or F
Texas has a pay as you go government spending program. - correct answer-TRUE
Texas has a pay as you go government spending program which requires a balanced
budget.
The comptroller certifies the biennial income.
What is required in each chamber to override the comptrollers certified income amount?
, A. 2/3 approval and a new revenue source
B. Majority approval and a new revenue source
C. 4/5 approval and a new revenue source
D. Only the governor has the power to override. - correct answer-What is required in each
chamber to override the comptrollers certified income amount?
C. 4/5 approval and a new revenue source
T or F
Texas Income Tax is the majority of income for the state. - correct answer-FALSE
Texas does not have a state income tax.
Which best describes Texas?
A. Low Service, Low Tax state
B. High Service, High Tax state
C. Low Service, High Tax state
D. High Service, Low tax state - correct answer-Which best describes Texas?
A. Low Service, Low Tax state
Texas has low taxes because we do not have high service, such as police, etc... If Texas
wants more services, we will need to raise taxes.
Compared to other states, Texas has a relatively _______ property and sales tax?
A. Low
B. High
C. Average - correct answer-Compared to other states, Texas has a relatively _______
property and sales tax?
B. High
Texas is the 10th highest sales tax (6.25%) in the nation, property taxes are high due to no
income tax.
T or F
Texans pay less taxes compared to people in most other states. - correct answer-TRUE
State taxes per capita rank texas #48
Local Taxes at #13
Overall, Texas ranks #32 in taxes.
Fiscal policy is a public policy which concerns what area?
A. Taxing
B. Government spending
C. Public Debt
D. Management of government money
E. All of the above - correct answer-Fiscal policy is a public policy which concerns what
area?
E. All of the above
Fiscal policy covers taxing, govt spending, public debt and management of govt money.
T or F
Texas government adopts a biennial budget. - correct answer-TRUE
Since the legislation only meets biennial, they must adopt a budget which covers the two
years.
The Comptroller certified how much in the 2013-2015 Budget?
A. $150 Billion
B. $101 Billion
C. $208 Billion
D. $112 Billion - correct answer-The Comptroller certified how much in the 2013-2015
Budget?
C. $208 Billion
There was $101 Billion identified for General Purpose spending
$112 Billion is the Federal Funding in the 2013 Budget.
T or F
Texas has a pay as you go government spending program. - correct answer-TRUE
Texas has a pay as you go government spending program which requires a balanced
budget.
The comptroller certifies the biennial income.
What is required in each chamber to override the comptrollers certified income amount?
, A. 2/3 approval and a new revenue source
B. Majority approval and a new revenue source
C. 4/5 approval and a new revenue source
D. Only the governor has the power to override. - correct answer-What is required in each
chamber to override the comptrollers certified income amount?
C. 4/5 approval and a new revenue source
T or F
Texas Income Tax is the majority of income for the state. - correct answer-FALSE
Texas does not have a state income tax.
Which best describes Texas?
A. Low Service, Low Tax state
B. High Service, High Tax state
C. Low Service, High Tax state
D. High Service, Low tax state - correct answer-Which best describes Texas?
A. Low Service, Low Tax state
Texas has low taxes because we do not have high service, such as police, etc... If Texas
wants more services, we will need to raise taxes.
Compared to other states, Texas has a relatively _______ property and sales tax?
A. Low
B. High
C. Average - correct answer-Compared to other states, Texas has a relatively _______
property and sales tax?
B. High
Texas is the 10th highest sales tax (6.25%) in the nation, property taxes are high due to no
income tax.
T or F
Texans pay less taxes compared to people in most other states. - correct answer-TRUE
State taxes per capita rank texas #48
Local Taxes at #13
Overall, Texas ranks #32 in taxes.
