Many states have experienced limited discretion in taxing and spending due to
A) TELs, earmarking, and unfunded liabilities.
B) popular consent to increase taxes.
C) the lack of a sophisticated model for predicting revenue.
D) the reliance on a single, non-diversified, revenue source.
Correct Answer:
Verified
Q16: State lotteries are
A)criticized as they are costly
Q17: The state and local governments' fiscal landscape
A)has
Q18: State and local governments increasingly rely on
Q19: Intergovernmental transfers include all except
A)payments to Medicaid
Q20: The 2009 federal stimulus package is the
Q22: In 1978, California voters passed Proposition 13,
Q23: Which of the following bonds is issued
Q24: Casino gambling and slot parlors are now
Q25: In 1911, Wisconsin became the first state
Q26: The largest expenditure gains in recent years
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