Question

What is true regarding local government budgets? (Select all that apply) Large portions of local budgets support elementary education. Revenue comes from intergovernmental payments. Expenditures include police and fire departments. Localities fund social security benefits for retired residents.

Answer 1

Answer:

All that is true regarding local government budgets:

Large portions of local budgets support elementary education.

Revenue comes from intergovernmental payments.

Expenditures include police and fire departments.

Explanation:

Local government budgets in the U.S.A. are detailed financial, operational, and policy documents that give details about the services being rendered by the local government.  They specify who gets what services, how much of the services, and who pays for the services.

Local government budgets are done at three main levels, depending on the state.  The levels are the city, town, and county levels.  These levels of government are headed by the mayor, CEO or manager, either appointed or elected, again depending on the state, with power balanced by the legislature, which is always elected.  There are also budgets for specialized projects and purposes.

Funding for local government budgets generally comes from taxes and levies, with support from the state and federal governments.