Name 2 items that all states have excise taxes on.
What is cigarettes, alcohol, gasoline, and diesel fuel.
100
What can be used to balance the budget in subsequent years?
What is reserve fund.
100
Name 2 state expenses?
What is education, public safety, court system, public welfare, programs for those in need, retirement funds, natural resources, and economic development.
100
Sin taxes apply to what items?
What is gambling and activities that support a nasty habit.
200
The smallest tax base is at the _____________.
What is Local Level.
200
What 5 states do not have individual income tax?
What is Alaska, Florida, South Dakota, Texas, and Washington.
200
Operating and Capital are two types of what?
What is budgets.
200
_________________ include counties, cities, towns, villages, townships, school districts, and other special districts.
What is local government units.
200
Hotels and restaurants pay what kind of tax?
What is hospitality tax.
300
Name 2 sources from which state revenues come from.
What is intergovernmental revenue, funds from sales taxes, and state income tax.
300
What states do not have both individual and corporate income tax?
What is Nevada and Wyoming.
300
___________ covers expenses that occur each year.
What is Operating Budget.
300
Where do local governments get their revenue from?
What is transfers from state and federal governments and property taxes.
300
What percentage of local government spending goes to education?
What is 46%.
400
Name 2 states that do not levy a sales tax.
What is Alaska, Delaware, New Hampshire, Montana, and Oregon.
400
What are all states required to have besides Vermont?
What is Balanced Budget?
400
_____________ provide funds for large construction and maintenance projects.
What is Capital Budget.
400
Property taxes are enacted based on what.
What is property value.
400
Police and fire protection is an example of what?
What is public safety?
500
What is exempt from sales tax in most states?
What is food and prescription drugs.
500
What is balanced budget?
What is a budget in which total government revenue is equal to total government spending.
500
What is a deficit.
What is more is spent than is collected in revenues.
500
What is a government official who determines the value of property to be taxed.
What is Tax Assessor.
500
Maintaining public health departments and making sure that restaurants meet health standards are examples of what?