Business, 05.05.2020 14:57 Jasminehenry123

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.

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