Govt 2306 Exam 3 Questions And Answers Latest Update
2026/2027 All Answers 100% Correct Detailed Best Graded
To Score A+ For Success
As a result of a lawsuit filed by the state of Texas over tobacco-related illnesses, how much must the
American tobacco industry pay the state? - CORRECT ANSWERS $18 billion in damages
What is another name for the state's Economic Stabilization Fund? - CORRECT ANSWERS rainy day
fund
In Texas, which of these provides budget makers with projected revenue levels? - CORRECT
ANSWERS State Comptroller of Public Accounts
Which method of taxation places a greater burden on lower incomes and a lighter burden on higher
incomes? - CORRECT ANSWERS Regressive taxation
Paul won $5 million in the Texas Lottery but failed to claim his prize within 180 days after the
drawing. What will happen to his winnings? - CORRECT ANSWERS They will be used to fund hospitals
for indigent care.
What is the name for a bond whose repayment is guaranteed by the full faith and credit of the state?
- CORRECT ANSWERS General obligaion bond
Which program allows parents to lock in the cost of future tuition and fees at a state university or
college? - CORRECT ANSWERS texas tomorrow funds
Texas state government depends heavily on which type of tax to finance services? - CORRECT
ANSWERS sales tax
In the 2018-2019 biennial budget, approximately what percentage of state expenditures went to
Health and Human Services funding? - CORRECT ANSWERS 35-40 percent
The state of Texas provides unemployment insurance under monies collected from which source? -
CORRECT ANSWERS Payroll Taxes
Most Texans have indicated in numerous polls that they prefer which type of taxation? - CORRECT
ANSWERS Regressive
, Govt 2306 Exam 3 Questions And Answers Latest Update
2026/2027 All Answers 100% Correct Detailed Best Graded
To Score A+ For Success
What is the name of a state tax levied on a natural resource taken from the earth? - CORRECT
ANSWERS Severance Tax
When does the fiscal biennium in Texas begin? - CORRECT ANSWERS September 1 of odd-numbered
years
How does a budget passed by the Texas legislature differ from the federal budget? - CORRECT
ANSWERS It authorizes spending for a two-year period.
So-called "sin taxes" are levies placed on what types of commodities or activities? - CORRECT
ANSWERS Alcohol, mixed drinks, and tobacco
What is a problem with denying CHIP benefits to children? - CORRECT ANSWERS It involves a
reduction of federal money to the state.
Which of the following determines if state agencies have spent public funds in accordance with law?
- CORRECT ANSWERS The State Auditor's Office
Which area of the state is home to the newest regional comprehensive university? - CORRECT
ANSWERS the rio grande valley
Which tactic does Texas often use to balance the budget? - CORRECT ANSWERS Reducing funding for
high-cost items such as Medicaid
According to the Texas Transportation Commission, what is the newest means of financing Texas
highways? - CORRECT ANSWERS The use of money collected from tolls
How does a recipient of public assistance use the Lone Star Card? - CORRECT ANSWERS To obtain
food items in a grocery store
Which of the following statements regarding immigrants in Texas is true? - CORRECT ANSWERS
Immigrants often work at jobs native-born citizens shun.
2026/2027 All Answers 100% Correct Detailed Best Graded
To Score A+ For Success
As a result of a lawsuit filed by the state of Texas over tobacco-related illnesses, how much must the
American tobacco industry pay the state? - CORRECT ANSWERS $18 billion in damages
What is another name for the state's Economic Stabilization Fund? - CORRECT ANSWERS rainy day
fund
In Texas, which of these provides budget makers with projected revenue levels? - CORRECT
ANSWERS State Comptroller of Public Accounts
Which method of taxation places a greater burden on lower incomes and a lighter burden on higher
incomes? - CORRECT ANSWERS Regressive taxation
Paul won $5 million in the Texas Lottery but failed to claim his prize within 180 days after the
drawing. What will happen to his winnings? - CORRECT ANSWERS They will be used to fund hospitals
for indigent care.
What is the name for a bond whose repayment is guaranteed by the full faith and credit of the state?
- CORRECT ANSWERS General obligaion bond
Which program allows parents to lock in the cost of future tuition and fees at a state university or
college? - CORRECT ANSWERS texas tomorrow funds
Texas state government depends heavily on which type of tax to finance services? - CORRECT
ANSWERS sales tax
In the 2018-2019 biennial budget, approximately what percentage of state expenditures went to
Health and Human Services funding? - CORRECT ANSWERS 35-40 percent
The state of Texas provides unemployment insurance under monies collected from which source? -
CORRECT ANSWERS Payroll Taxes
Most Texans have indicated in numerous polls that they prefer which type of taxation? - CORRECT
ANSWERS Regressive
, Govt 2306 Exam 3 Questions And Answers Latest Update
2026/2027 All Answers 100% Correct Detailed Best Graded
To Score A+ For Success
What is the name of a state tax levied on a natural resource taken from the earth? - CORRECT
ANSWERS Severance Tax
When does the fiscal biennium in Texas begin? - CORRECT ANSWERS September 1 of odd-numbered
years
How does a budget passed by the Texas legislature differ from the federal budget? - CORRECT
ANSWERS It authorizes spending for a two-year period.
So-called "sin taxes" are levies placed on what types of commodities or activities? - CORRECT
ANSWERS Alcohol, mixed drinks, and tobacco
What is a problem with denying CHIP benefits to children? - CORRECT ANSWERS It involves a
reduction of federal money to the state.
Which of the following determines if state agencies have spent public funds in accordance with law?
- CORRECT ANSWERS The State Auditor's Office
Which area of the state is home to the newest regional comprehensive university? - CORRECT
ANSWERS the rio grande valley
Which tactic does Texas often use to balance the budget? - CORRECT ANSWERS Reducing funding for
high-cost items such as Medicaid
According to the Texas Transportation Commission, what is the newest means of financing Texas
highways? - CORRECT ANSWERS The use of money collected from tolls
How does a recipient of public assistance use the Lone Star Card? - CORRECT ANSWERS To obtain
food items in a grocery store
Which of the following statements regarding immigrants in Texas is true? - CORRECT ANSWERS
Immigrants often work at jobs native-born citizens shun.
