Article 3, Section 49a of the Texas Constitution, also known as the pay-as-you-go limit, requires that
the dedicated funds are mandated in the constitution and cannot be altered.
there is a specific margin of error allowed in the budgeting process.
Texas maintain a balanced budget, meaning that spending from the General Revenue Fund cannot exceed projected available revenue.
since taxes are paid into the state on a yearly basis, the legislature is able to set an annual budget.

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14-12-2022
Business

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Article 3, Section 49a of the Texas Constitution, also known as the pay-as-you-go limit, requires that
the dedicated funds are mandated in the constitution and cannot be altered.
there is a specific margin of error allowed in the budgeting process.
Texas maintain a balanced budget, meaning that spending from the General Revenue Fund cannot exceed projected available revenue.
since taxes are paid into the state on a yearly basis, the legislature is able to set an annual budget.

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ogorwyne ogorwyne · Answer 1 · 2022-12-19T20:37:43+01:00

Article 3, Section 49a of the Texas Constitution, also known as the pay-as-you-go limit, requires that Texas maintain a balanced budget, meaning that spending from the general revenue fund cannot exceed projected available revenue. Option 3

What is the Texas constitution?

The preservation of our free institutions and the continued existence of the Union depend on the right of local self-government, which is guaranteed to all States without restriction. Texas is a free and autonomous State that is only bound by the United States Constitution.

Texas must maintain a balanced budget, which means that expenditure from the general revenue fund cannot exceed anticipated available revenue, in accordance with Article 3, Section 49a, generally known as the pay-as-you-go restriction.

Read more on Texas constitution here:https://brainly.com/question/26702098

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