Regarding fiscal policy,what does the Texas Constitution require?
A) The legislature must draft and pass an annual budget.
B) The state's expenditures should be within 10 percent of projected state revenues.
C) Welfare spending must be limited to no more than 1 percent of total state spending in any fiscal year.
D) The governor must certify that state spending is in balance with state revenues.
E) A state income tax must be applied if spending exceeds the amount budgeted.
Correct Answer:
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