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Public Revenue Types 6 лет назад


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Public Revenue Types

A variety of revenue sources contribute to the government budgeting process. Ideally, a combination of several different sources of revenue will provide a balanced, stable flow of resources to support governmental operations. An effective blend of revenue sources allows sufficient stability to operate, develop and retain expert staff, and program activities necessary to effectively address public issues. Under a balanced blend of revenues, a temporary increase in one source of revenue will help offset a cyclical or temporary decline in another source. Let’s review the most common sources of state and local government revenues. Each revenue source is governed by its own unique set of legal restrictions. Using the eight major categories of revenues, jurisdictions rely on quite different combinations to fund their public services.

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