Lectures: Test 4

Question 1

What is the paradox of public opinion?

Answer 1

In Texas, everyone wants low taxes, but no one wants to cut specific programs to allow for a lower budget.

Question 2

What are state funds?

Answer 2

There are about 400 of these. Basically “pots” that the money flowing into the state go into. They each have a variety of functions.

Question 3

What is the general revenue fund?

Answer 3

Where non-dedicated general revenue goes. General revenue: dedicated accounts.

Question 4

What is the permanent school fund?

Answer 4

Distributes funds to school district.

Question 5

What determines the amount of money available to the permanent school fund?

Answer 5

The State Board of Education. They look at attendance and similar criteria.

Question 6

What is the Available School Fund?

Answer 6

Dedicated fund for support of public education—funded though distribution of PSF.

Question 7

What is the Highway Trust Fund?

Answer 7

For constructing, maintaining, and policing roadways in TX and acquiring rights of way.

Question 8

What is the economic stabilization fund?

Answer 8

Aka the “rainy day” fund. Meant to provide relief during times of financial distress.