State Government Budgeting and Revenue

What are the main sources of revenue for state governments as mentioned in the passage?

• Income taxes, sales taxes, property taxes, and federal grants

• Sales taxes, property taxes, and toll roads

• Federal grants, driver's licenses, and toll roads

• Income taxes, property taxes, and emergency services

Which of the following is typically the largest expense for state governments?

• Education

• Public safety

• Infrastructure

• Transportation

What percentage of Michigan's tax revenue for Fiscal Year 2023 comes from personal income taxes?

• 32.6%

• 26.9%

• 6.1%

• 12.7%

How do state governments ensure that funds are used effectively each year?

• By creating a budget

• By increasing taxes

• By reducing public services

• By borrowing money

What is the total government-wide spending for Michigan in Fiscal Year 2023?

• $84.2 billion

• $39.5 billion

• $32.6 billion

• $26.9 billion

What is the purpose of the budget created by state governments each year?

• To avoid debt or overspending

• To increase revenue

• To reduce taxes

• To expand public services

What revenue source provided Michigan 26.9% of it's revenues in 2023?

• Income tax
• Business/Corporate tax

• Property tax
• Sales tax

Motor Vehicle and Fuel taxes made up ___ of the Michigan tax revenues in 2023.

(These are things like fees paid for driver's licenses, auto registration stickers, taxes on gas at the pump, etc.)

• 4.5%

• 7.1%

• 5.1%

• 6.1%

In Michigan, spending on education is the 2nd largest expense. What is the largest category (it's a pretty broad category)?

• Transportation
• Public Safety

• Infrastructure
• Health and Human Services