Which of the following identifies how revenue bonds raise revenue for state and local governments in Texas?(1 point)
Responses
These bonds borrow money with the intent of paying back the debt with revenue made from government projects.
These bonds borrow money with the intent of paying back the debt with revenue made from government projects.
These bonds borrow money with the intent of paying back the debt with tax revenue.
These bonds borrow money with the intent of paying back the debt with tax revenue.
These bonds require a payment by all citizens who own property each year.
These bonds require a payment by all citizens who own property each year.
These bonds charge citizens to regain the loss of revenue from a service provided by the government.
These bonds borrow money with the intent of paying back the debt with revenue made from government projects.
Sales tax requires a payment of a percentage of a good’s value, and property tax requires payment of a percentage of a property’s value.
They are a charge on a service to regain the cost of the service.
General obligation bonds use taxes to pay back debts, while revenue bonds use revenue from public works.
a fee
The bot is 100% correct!
Which statement best compares sales tax and property tax?(1 point)
Responses
Sales tax requires a payment of a percentage of a good’s value, and property tax requires payment of a percentage of a property’s value.
Sales tax requires a payment of a percentage of a good’s value, and property tax requires payment of a percentage of a property’s value.
Sales tax is not charged at the state level in Texas, only local tax, but property tax is charged at the state level.
Sales tax is not charged at the state level in Texas, only local tax, but property tax is charged at the state level.
Both sales tax and property tax are a charge to regain the loss of the cost of a government service.
Both sales tax and property tax are a charge to regain the loss of the cost of a government service.
Sales tax and property tax are only charged at the local level in the state of Texas.
Which of the following best describes how fees are used to raise revenue?(1 point)
Responses
They are borrowed money that is paid back with revenue from projects.
They are borrowed money that is paid back with revenue from projects.
They are a payment to the government for the value of a home.
They are a payment to the government for the value of a home.
They are a charge on a service to regain the cost of the service.
They are a charge on a service to regain the cost of the service.
They are a payment to the government of a percentage of a good’s value.
They are a payment to the government of a percentage of a good’s value.
Which of the following best contrasts general obligation bonds and revenue bonds used to fund the different levels of government in Texas?(1 point)
Responses
General obligation bonds are intended to pay back losses by providing a service, while revenue bonds are meant to raise revenue.
General obligation bonds are intended to pay back losses by providing a service, while revenue bonds are meant to raise revenue.
General obligation bonds charge a percentage of a good’s value, while revenue bonds charges a percentage of a property’s value.
General obligation bonds charge a percentage of a good’s value, while revenue bonds charges a percentage of a property’s value.
General obligation bonds use taxes to pay back debts, while revenue bonds use revenue from public works.
General obligation bonds use taxes to pay back debts, while revenue bonds use revenue from public works.
General obligation bonds are only charged at the local level, while revenue bonds are charged at the state and local levels.
A charge to phone providers for using 9-1-1 emergency services could be identified as what type of government revenue?(1 point)
Responses
a fee
a fee
a general obligation bond
a general obligation bond
a revenue bond
a revenue bond
a sales tax