Question

Which of the following is the largest source of revenue for local governments

Answer 1

Property taxes are usually the largest source of revenue for local governments.

Property taxes account for a large portion of revenue, typically 35%. Depending on the state or territory, natrual resources could also account for a big portion of income for local governments.

Lots of states have an overabundance of natrual resources, which is used to their advantage to collect more profit. But the majority of states don't have an overabundance of a single resource, which is why property taxes are usually the largest source of revenue for local governments.  

Answer 2

Answer: I just took the quiz and got 100%

1. A: Medicare is for people over age 65, whereas Medicaid is for low–income families.

2. C: one for which those with higher incomes receive lower benefits or no benefits at all

3. D: social security

4. A: When criteria have been set for a program there is no control of how many people will qualify.

5. B: The baby boomer generation will qualify for both programs.  

6. A: sales and individual income taxes

7. C: long-term borrowing or sale of bonds

8. B: property taxes

9. B: Only the operating budget must be balanced.

10. D: public school systems

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