The purpose of the Biennial Revenue Estimate (BRE) is to
A) provide a detailed forecast of total revenues that the state is expected to take in.
B) provide a detailed forecast of expenditures the state expects to be obligated for in the two-year budget cycle.
C) provide a detailed forecast of the estimated federal funds the state can expect to receive during the two-year budget cycle.
D) provide the governor a detailed estimate of the likelihood of a balanced budget during the two-year budget cycle.
E) provide the federal government a detailed estimate of the need for federal funds to balance the Texas budget.
Correct Answer:
Verified
Q25: Authorized by voters in 1991, the Texas
Q27: Which statement concerning matching funds in Texas
Q31: The Permanent School Fund (PSF) was created
Q31: One significant component of the budget process
Q32: The process of drafting a bill is
Q33: Who prepares the BRE?
A) the Legislative Budget
Q34: The Texas Constitution specifies that state payments
Q36: Who certifies the state budget of Texas?
A)
Q38: The main purpose of the Permanent School
Q39: The funds generated by the Permanent School
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