To address the budget shortfall in the 2012-2013 budget, the most common tactic used by the legislature was
A) raising tax rates.
B) borrowing from the federal government.
C) spending cuts.
D) a newly implemented income tax.
E) a brand-new source of revenue derived from underground fracking.

Question

Quizplus · Accepted Answer

Spending cuts are a common tactic used by legislatures to address budget shortfalls as they involve reducing government expenditures. This approach may involve cutting funding to certain programs and services or implementing hiring freezes or pay reductions for government employees. Raising tax rates or implementing new taxes may be politically unpopular, while borrowing from the federal government may increase overall debt levels and lead to future financial difficulties. The use of revenue from underground fracking would only be applicable if there were active fracking operations and if the revenue generated was significant enough to address the budget shortfall.

To Address the Budget Shortfall in the 2012-2013 Budget, the Most