WorksheetsState and Local Chapter 4
Total questions: 15
Worksheet time: 8mins
State governments need to balance their ___________ budget
operating
capital
entire
functional
The Government charges ________for some specific services.
progressive taxes
targeted taxes
user fees
unfair usury
A debt instrument that states and municipalities use to fund capital projects is called a _______.
certificate
bond
treasury bill
loan
A Government's primary source of ________ is taxes.
revenue
payables
power
expenses
What is the phrase used to describe the government's situation when experense exceed revenue in a given year?
red tape
normal budgeting
budget surplus
budget deficit
_____________ is spending that is controlled by annual budget decisions.
government allocations
discretionary spending
entitlement spending
interagency spending
Alaska issues _________ to citizens based on the sale of the state's oil.
revenue notices
dividend payments
tax bills
capital payments
Governments do not use the regular 12-month calendar to keep track of their budget, they use a __________ year.
fiscal
expenditure
financial
revenue
____________ taxes are leveled equally on all tax payers without regard to their income.
sales taxes
regressive taxes
progressive taxes
excise taxes
A tax system which considers an individuals ability to pay is considered a ____________ tax system.
progressive
regressive
fair
equitable
When the federal government gives money to the states, or the states give money to the localities, these payments are called _________________.
revenue transfers
intergovernmental transfers
federalism payments
fund transfers
Taxes that are designed to raise revenue AND as a deterrent, are called what?
interference taxes
excise or sin taxes
luxury taxes
tax expenditures
An __________ is a legal claim that someone meeting certain rules has against the government, and the government is required to pay.
obligation
entitlement
allocation
None of these
Some states place a tax on natural resources that are removed from the state, we call these ____________ taxes.
severance
resource
mining /drilling
environmental
____________ bonds are secured by the taxing power of the jurisdiction issuing them.
Special payment
Coercive
General obligation
Revenue
