POL 11 – Flashcard
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Government decisions regarding revenues, expenditures, and borrowing are referred to as
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FISCAL POLICY
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Texas has resisted balancing the budget except
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reducing agency funding
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traditional texas fiscal policy is the achievment of a balanced budget through
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low taxes and low levels of public spending
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state economic stabilization fund
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rainy day fund
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most texans have indicated in numerous polls that they prefer.... taxation
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regressive
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regressive taxes
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taxes that are a greater burden on lower incomes and less on higher
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taxes that rely on revenues from higher inocmes
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progressive taxes
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texas has a... tax system
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regressive
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group of texans pays the most in taxxes proportiional to their income
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poorest 20 percent
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not a state-imposed revenue
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state income tax
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most non-farm jobs in texas are int eh general area of
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service providing
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not funded by the poverty tax
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state agencies
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the texas state tax mandated on the revenue of many buisnesses is the
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franchise tax
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pay-as-you-go means the texas legislature must
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not pass a deficit budget
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regarding fiscal policy, texas constitution requires that
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state spending should be in balance with projected state revenues
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the fund available to the texas legislature for general appropriations purposes is called the
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general revenue fund
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fund measuring the states fiscal health is the
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general revenue fund
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in response to pressure from small businesses the state legislature recently
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reduced the franchise tax for many buisnesses
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most significant revenue producing tax
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general sales tax
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largest portion of revenue from the state of texas comes from
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various state taxes
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"sin taxes" or levies placed on
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alcohol, mixed drinks, and tabacco
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workers compensation under monies collected from
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payroll taxes
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unemployment compensation system
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a payroll tax
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most taxes in texas are administered by
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comptrollor of public accounts
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classes of corporations has the least business tax burden?
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banking companies
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tax on a natural resource taken from teh earth
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severance tax
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texas rank on tax burden to citizens
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near the bottom
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grants-in-aid are defined as
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money from the federal government to the state
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federal funds make up.....precent of state revenue
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30-35%
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which state program in texas does not receive substantial federal funding
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teacher retirement
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american tabaco industry must pay
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18 billion in damages
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largest share of public land revenue
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oil lease fees and royalties
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investment of state funds currently handled by
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comptroller of public accounts
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to increase in bond debt approval must be given by
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voters of Texas
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bond whose repayment is guaranteed by the full faith and credit clause
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general obligation bond
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economic stablization fund
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rainy day fund
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may acquire a sm amount of state date when it
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issues general-obligation or revenue bonds
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1/2 or more of the expenditures in texas are paid from
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dedicated funds
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the fiscal biennum in texas begins on
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sept. 1 of odd number of years
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budgetary period is one of
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2 years
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unlie federal budget a budget passed by the texas legislature
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authorizes spending for a 2 year period
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the most influential budgeting board
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legislative budget board
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projected revenue levels are provided to the governor and legislature by the
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state comptroller of Public Accounts
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"Dual-budgeting"
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both governor and legislature draw up budget proposals
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education funding in Texas is approximately what percent of state expenditures?
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40-45 percent
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human and health services funding is... percent od state expenditures
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30-35
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The second largest single expenditure item by functional class of the Texas government is
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public elementary and secondary eduction
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Most major agency purchases are made through or are supervised by the
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texas procurement and support service
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comptrollers office
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issuing checks to pay state obligations
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state accounts are audited under the direct supervision of the
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state auditor
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state auditor appointed by and serves
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legislative audit committee
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determines if state agencies have spent public funds in accordance with law?
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The State Auditor's Office
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under robinhood plan a ch 41 school is identified as a
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wealthy school
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The operation of instructional programs at most state universities is funded primarily by
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legislative appropriations
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allows parents to lock in the cost of future tuition and fees at a state university or college?
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texas tomorrow fund
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A high school graduate near the top of his or her class who took the recommended curriculum and who meets economic need guidelines can have his or her college tuition at state institutions paid from the
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texas grant program
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Compared to the rest of the nation, the number of children without health insurance coverage in Texas is
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the highest
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CHIP Stands for
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childrens health insurance program
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probem with denying CHIP
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invovlves a reduction of federal money to the state
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best characterizes the status of texas highways
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Large sums of money are currently needed for highway repair and maintenance.
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newest means of financing texas highway is the use of
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money collected from tolls
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texas transportation policy has focused on and resulted in
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the construction og highways for use by automobiles trucks and buses
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the impact of homland security has been mainly in
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increasing the size of the texas national guard
