Question

True false Questions

1. The rationale for the increased reliance by the States for revenue genearted by gambling is that these sources of funds (lottery, casinos, racing) have an effective tax rate that is lower than most other taxes, and, as a result, are thought to be "painless" or voluntary.

2. Intergovernmental grants provide a mechanism in which you can effectively substitute the granting government's tax revenue for that of the recipient government.

4. From the point of view of the investors, a State's revenue backed bonds are a less risky investment than general obligation bonds issued by a local government.

5. The same convention center is limited in the future from generating additional revenues because of the restrictions inherent in Public Private Partnerships.

Answer 1

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