Texas is allowed to run a budget deficit during difficult economic times.

Name: Texas is allowed to run a budget deficit during difficult economic times.
Brand: Quizplus
Rating: 4.8 (43 reviews)

Question

Quizplus · Accepted Answer

Texas, like all states, is required to balance its budget each fiscal year. It cannot run a budget deficit, unless it is authorized to do so by a vote of two-thirds of both the state House of Representatives and the state Senate. However, the state does have a rainy day fund that it can draw from during difficult economic times.

Texas Is Allowed to Run a Budget Deficit During Difficult