How do state and local government revenues and expenditures differ from those of the federal government?

State and local governments derive a large portion of their incomes from intergovernmental revenue, and unlike the federal government they both spend large portions of their money on education expenses.

State and local governments derive much of their incomes from entitlement programs, and unlike the federal government they both spend large portions of their money on highway and infrastructure maintenance.

State and local governments derive much of their incomes from appropriations bills, and unlike the federal government they both spend large portions of their money on sales taxes and property taxes.

State and local governments derive much of their incomes from citizen subsidies, and unlike the federal government they both spend large portions of their money on intergovernmental revenue.

Question

Camron Carey

Business

27 December, 18:32

How do state and local government revenues and expenditures differ from those of the federal government?

State and local governments derive a large portion of their incomes from intergovernmental revenue, and unlike the federal government they both spend large portions of their money on education expenses.

State and local governments derive much of their incomes from entitlement programs, and unlike the federal government they both spend large portions of their money on highway and infrastructure maintenance.

State and local governments derive much of their incomes from appropriations bills, and unlike the federal government they both spend large portions of their money on sales taxes and property taxes.

State and local governments derive much of their incomes from citizen subsidies, and unlike the federal government they both spend large portions of their money on intergovernmental revenue.

+4

Answers (1)

Know the Answer?

Dayami · Answer 1

State and local governments derive a large portion of their incomes from intergovernmental revenue, and unlike the federal government they both spend large portions of their money on education expenses.

Explanation:

Intergovernmental revenue refers to money received by state and local government from other levels of government, e. g. state governments receiving money from the federal government, or local governments receiving money from state governments.

The largest sources of income for state and local governments are:

property taxes 35% of total revenue sales taxes 34% of total revenue local governments receive 36% of their income from intergovernmental revenue (32% from state and 4% from federal)

The federal government only pays for 8% of education expenses, while the rest is paid by state and local governments.