What is intergovernmental revenue?

Understand the Problem

The question is asking for an explanation of the term 'intergovernmental revenue', which refers to the funds that one level of government receives from another level of government, such as federal funding to state or local governments.

Answer

Funding from other governmental entities like grants and shared revenues.

Intergovernmental revenue is funding received from other governmental entities, which can come in the form of grants, shared revenues, or payments in lieu of taxes.

Answer for screen readers

Intergovernmental revenue is funding received from other governmental entities, which can come in the form of grants, shared revenues, or payments in lieu of taxes.

More Information

Intergovernmental revenue is crucial for the financing of various programs and services, as it helps distribute resources across different levels of government.

Tips

Common mistakes include confusing intergovernmental revenue with general revenue or not considering all forms of intergovernmental transfers like grants and shared taxes.

AI-generated content may contain errors. Please verify critical information

Thank you for voting!
Use Quizgecko on...
Browser
Browser