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| The state currently finances ___ percent of the cost of elementary and secondary education. |
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Definition
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| Regulatory goods deal with common-pool resources which are |
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Definition
| rivalrous and difficult to exclude |
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Term
| A state's tax effort refers to |
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Definition
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Term
| A state could make its tax system less regressive by exempting _____ from its tax base. |
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Term
| The budget shortfalls of the 1980's in Texas were caused primarily by |
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Definition
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Term
| Taxes on natural gas and oil production in Texas |
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Definition
are based on the dollar value of what is extracted
are likely to rise over the long term |
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Term
| Which of the following is not a term that can be applied to public education |
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Definition
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Term
| A primary source of local tax revenue in Texas is the |
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Definition
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Term
| Most state revenue in Texas comes from |
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Definition
| sales taxes paid by individuals |
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Term
What percentage of money in Texas's general fund is nonrestricted and available for change?
a. 32%
b. 24.5%
c. 9.5%
d. 17.5% |
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Definition
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Term
Per capita tax is calculated by taking the total taxes collected and dividing by the number of citizens in the state.
True or False |
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Definition
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Term
Through local sales taxes and local property taxes, local governments collect and pay about 15% of the total taxes in Texas.
True or False |
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Definition
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Term
How much of Texas budget is supplied by the federal government?
a. 23%
b. 49%
c. 15%
d. 38% |
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Definition
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Term
| The franchise fee does not extract money from taxable business |
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Definition
| with revenues of $300,000 or less |
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Term
What percent of state revenue is made of by nontax sources?
a. 5%
b. 24%
c. 17%
d. 10% |
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Definition
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Term
| Health and human services in Texas is funded mostly by |
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Definition
| federal grants to the state |
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Term
The largest portion of federal aid to Texas goes to Medicare/Medicaid and welfare payments. The next largest share goes to transportation.
True or False |
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Definition
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Term
| A good or service provided by the government without charge because the society as a whole is better for having it could be called a |
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Definition
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Term
The excise tax on gasoline is an example of a tax based on the ability to pay.
True or false |
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Definition
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Term
| How does Texas rank in the regressivity or progrssivity of its tax system? |
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Definition
| It places among the ten most regressive tax systems in the U.S. |
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