Political Science, asked by nahtax20, 10 months ago

Write an essay on the sources of revenue for our local government

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Answered by Gamla13
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Local governments collected $1.7 trillion of general revenue in 2017. Revenue from property, sales, and other taxes totaled $707 billion, or 42 percent of general revenue. Intergovernmental transfers accounted for 36 percent of local general revenue in 2017

Local governments received about 32 percent of their general revenue from state government transfers (including indirect federal funds) and 4 percent directly from the federal government. Local governments include county governments, municipalities, townships, special districts (such as water and sewage authorities), and school districts. Transfers for education programs account for over two-thirds of state government transfers to localities. Meanwhile, housing-program transfers are about 40 percent of federal transfers to local governments.

Answered by ritikbabu73
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