One who manages the revenue of the town
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Tax revenue is the income that is gained by governments through taxation. Taxation is the primary source of income for a state. Revenue may be extracted from sources such as individuals, public enterprises, trade, royalties on natural resources and/or foreign aid. An inefficient collection of taxes is greater in countries characterized by poverty, a large agricultural sector and large amounts of foreign aid.[1]
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One who manages the revenue of the town
Explanation:
- Generally cities obtain their municipal funds in two ways:
- Direct levy of taxation: Most cities have city taxes of some kind. These can be property taxes, or taxes assigned to utilities (water, sewer, etc.).
- Fee for services: Many municipalities run things like skating rinks, parks, etc., for which residents pay a fee to use. That money is also used for city operations.
- More significantly they impose taxes, royalties, duties, fees and levies on companies and individuals to raise revenue. So, they impose a cigarette tax, liquor and import excise duties, land, death, inheritance, gains on investment capital profits and payroll taxes, general sales tax on personal consumption, impose royalties on the extraction of mineral from the earth.
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