Question

Define the following terms:

Mandatory Spending:
Discretionary Spending:
Entitlement:
Budget:
Operating Budget:
Capital Budget:
Balanced Budget:
Tax Exempt:
Real Property:
Personal Property:
Tax Assessor:

Answer 1

In most cases, but not all, mandatory spending is ongoing; it occurs each year absent a change in an underlying law that provides the funding. Discretionary spending, on the other hand, will not occur unless Congress acts each year to provide the funding through an appropriations bill.

Step-by-step explanation: