6. Which of the following statements about state budget processes is correct? a.
ID: 2715640 • Letter: 6
Question
6. Which of the following statements about state budget processes is correct?
a. All governors have item veto power. b. All states require biennial budgets.
c. Not all states have budget messages prepared by the governor.
d. States normally spend through systems of entitlements instead of appropriations.
8. Finances of many state and local government pension programs are a problem because
a. Pension managers used an interest or discount rate that was too low when determining the amount of money to be set aside each year to cover future benefits.
b. State and local governments improperly diverted public revenues into pension funds to garner political support from government employees.
c. Many state and local governments made inadequate contributions into the pension funds to support promised future benefits.
d. States assumed the obligations of local pension programs.
9. Which of the following is not a difference between budgeting in states as opposed to budgeting in the federal government?
a. Many states prepared biennial budgets and the federal government prepares an annual budget.
b. Many states pass a single appropriation / budget law and the federal government normally passes more than ten such bills (or at least is expected to).
c. Many states require a balanced budget each year and the federal government does not.
d. Most states provide pensions for their career employees and the federal government only requires that its employees participate in Social Security.
Explanation / Answer
6.
Answer is option (d) States normally spend through systems of entitlements instead of appropriations.
8.
Answer is option (c) Many state and local governments made inadequate contributions into the pension funds to support promised future benefits.
9.
Answer is option (c) Many states require a balanced budget each year and the federal government does not.
Related Questions
Navigate
Integrity-first tutoring: explanations and feedback only — we do not complete graded work. Learn more.