Monday, April 29, 2019

Locate the budget for a local government Assignment

point the budget for a local authorities - Assignment ExampleThis league has been serving officials since 1915 through the tend State, and it was authorized by state statute (Dressel, 2014).The tax revenue stocks for the league include property taxes that are levied on all classes of properties this levy is assessed locally and collected to aid in the running of the municipality and county government. The state also gives the municipality somewhat funds directly or indirectly through reliefs in for instance property taxes. Other sources of revenue include service charge, optional local taxes and counties or special district government levies (Dressel, 2014). Another source of revenue is the inter-governmental transfers, which may be for funding of government activities or specific projects.The largest income percentage of the budget comes from taxes, this is so because there are many direct and indirect taxes levied on individuals and corporations within the league. They includ e property, sales and income taxes (Dressel, 2014). This method is the best since it covers a wider base as they are charged either directly or indirectly.The government should think outside the box in collecting revenues by looking at other avenues or else of relying on the traditional sources. The internet has opened up many possible opportunities that may help to a great extend in harnessing the incomes. The league can also reduce the operational costs therefore increase the net revenues, which will be available to

No comments:

Post a Comment

Note: Only a member of this blog may post a comment.