Gov 2306 chapter 11 quiz
Article 3, Section 49a of the Texas Constitution, also known as the pay-as-you-go limit, requires that
Texas maintains a balanced budget, meaning that spending from the General Revenue Fund cannot exceed projected available revenue.
Most federal expenditures in Texas go to education and health and human services. However, in order to receive these funds, Texas must
spend state money in these areas first.
Compared to other states, Texas tends to spend a relatively small amount of money on programs that are jointly funded by the state and federal governments. Because of this,
the amount of money that Texas receives in matching funds and grants from the federal government is relatively low as compared to other states.
One significant component of the budget process that is relatively unique to Texas is
the constitutional mandate that Texas legislators write a budget every two years.
While the Texas Constitution does require that the state maintains a balanced budget, the state is allowed to carry debt as long as
the debt payments are not more than 5 percent of the state's revenue.
Texas has a reputation of being a ________ state.
"low service, low tax"
According to Texas Constitution (Article 3, Section 51a), Texas cannot spend more than _________ of the state budget in any two-year period to help needy dependent children or their caretakers.
1 percent
Which statement about progressive taxation is most accurate?
Individuals with a lower income pay less in taxes because of a lower tax rate than those with a higher income.
Why must the Texas legislature maintain a balanced budget?
It is required by the Texas Constitution.
Federal money is an important part of the Texas budget, but monies that Texas receives from the federal government
often come with strings attached.