CHT COMPREHENSIVE EXAM 2026
QUESTIONS AND ANSWERS 100% CORRECT
◉ In theory, Texas has a dual-budget system, meaning the budget
authority is shared by the governor and the legislature; however, in
practice, the primary player(s) in the budget is/are. Answer: the
legislature
◉ A ________ is a tax on the market value of oil produced in the state.
Answer: severance tax
◉ Which factor(s) related to public finance will work against a return to
highly regulated tuition and fees?. Answer: All of these are correct.
◉ Federal matching funds are. Answer: monies going to a state based on
a state spending for a program.
◉ The oil severance tax is a 4.6% tax on the market value of oil
produced in the state. In the 2014-15 biennium, taxes on oil production
comprised about 6.6% of the state's tax revenue. Look at the percentage
of 2016-2017 tax revenue that oil production taxes contributed. What is
the best explanation for the change?. Answer:
QUESTIONS AND ANSWERS 100% CORRECT
◉ In theory, Texas has a dual-budget system, meaning the budget
authority is shared by the governor and the legislature; however, in
practice, the primary player(s) in the budget is/are. Answer: the
legislature
◉ A ________ is a tax on the market value of oil produced in the state.
Answer: severance tax
◉ Which factor(s) related to public finance will work against a return to
highly regulated tuition and fees?. Answer: All of these are correct.
◉ Federal matching funds are. Answer: monies going to a state based on
a state spending for a program.
◉ The oil severance tax is a 4.6% tax on the market value of oil
produced in the state. In the 2014-15 biennium, taxes on oil production
comprised about 6.6% of the state's tax revenue. Look at the percentage
of 2016-2017 tax revenue that oil production taxes contributed. What is
the best explanation for the change?. Answer:
