Texas Government 2306 - Exam 3
Questions and Answers (Solved Papers)
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 Answers ✅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
Answers ✅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?
,Texas Government 2306 - Exam 3
Questions and Answers (Solved Papers)
A. $150 Billion
B. $101 Billion
C. $208 Billion
D. $112 Billion - Correct Answers ✅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 Answers ✅TRUE
Texas has a pay as you go government spending program
which requires a balanced budget.
The comptroller certifies the biennial income.
,Texas Government 2306 - Exam 3
Questions and Answers (Solved Papers)
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
Answers ✅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 Answers ✅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
, Texas Government 2306 - Exam 3
Questions and Answers (Solved Papers)
D. High Service, Low tax state - Correct Answers ✅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 Answers ✅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
Questions and Answers (Solved Papers)
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 Answers ✅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
Answers ✅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?
,Texas Government 2306 - Exam 3
Questions and Answers (Solved Papers)
A. $150 Billion
B. $101 Billion
C. $208 Billion
D. $112 Billion - Correct Answers ✅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 Answers ✅TRUE
Texas has a pay as you go government spending program
which requires a balanced budget.
The comptroller certifies the biennial income.
,Texas Government 2306 - Exam 3
Questions and Answers (Solved Papers)
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
Answers ✅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 Answers ✅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
, Texas Government 2306 - Exam 3
Questions and Answers (Solved Papers)
D. High Service, Low tax state - Correct Answers ✅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 Answers ✅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
