Texas Government 2306 - Exam 3 (100% correct and graded A+)

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 - 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. - TRUE Since the legislation only meets biennial, they must adopt a budget which covers the two years. The Comptroller certified how much in the Budget? A. $150 Billion B. $101 Billion C. $208 Billion D. $112 Billion - The Comptroller certified how much in the 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. - 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. - 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. - 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 - Which best describes Texas?A. Low Service, Low Tax state