Texas relies on sources of revenue other than taxes. Which of the following is accurate regarding these other sources of revenue?
A) Grants from the federal government make up around 40 percent of state revenue.
B) The Permanent School Fund is derived from both sales taxes and lottery sales.
C) Funds from various licenses account for about one-half of state revenue.
D) The Texas Constitution forbids the earning of interest income on investments.
E) Lottery proceeds are distributed to cities on a per-population basis.
Correct Answer:
Verified
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