To address the budget shortfall in the 2012-2013 budget,the most common tactic used by the legislature was
A) raising tax rates.
B) borrowing from the federal government.
C) spending cuts.
D) a newly implemented income tax.

Question

Quizplus · Accepted Answer

The most common tactic used by the legislature to address the budget shortfall in the 2012-2013 budget was spending cuts. This is a common approach taken by governments to balance budgets, as it involves reducing or eliminating certain programs, services, or expenditures to save money without increasing revenue through tax hikes or new taxes. Borrowing from the federal government may provide short-term relief but also increases the overall debt burden, while implementing a new income tax or raising tax rates could be politically unpopular and have potential economic consequences.

To Address the Budget Shortfall in the 2012-2013 Budget,the Most