LOCAL COUNTY BUDGET.docx - Running head DECREASE IN LOCAL...

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Running head: DECREASE IN LOCAL COUNTY GOVERNMENT BUDGET 1 DECREASE IN LOCAL COUNTY BUDGET Institutional affiliation Student name Date
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DECREASE IN LOCAL COUNTY GOVERNMENT BUDGET 2 Local county governments have various sources of revenue which help them to finance their projects and also run smoothly. This paper will explore various sources of finance for local county governments, and the major reason as to why sometimes local county governments experience a decrease in the budgets. An example of a local county government which has had a decrease in the budget is Carroll County Indiana, we will explore the major factors which resulted to the decrease in the local county budget and the outcomes of the decrease in the budgets. The reason as to why this paper will explore this county is because in the last decade there has been a gradual decrease in one aspect of either the local county budget. Sources of income for local counties It should be noted that local county governments have various sources of income. Some of the major sources of income for the local county government comprise of the following; local revenue, local county government have been empowered by the Constitution to impose two types of charges and taxes. These sources of local county government revenue Carroll County Indiana are entertainment taxes and property rates. The reason as to why the local county government is allowed to impose these taxes is to enable them to raise money which can substantiate the local county budget. The local county governments of Carroll County Indiana are also allowed to impose charges for all the services which they provide according to the laws which are stipulated laws. Some types of the most common local revenue sources comprise of; single business, rates, single business permits, parking fees, building permits, and fees from billboards and advertisements, all this revenues are issued to the local county governments so that they can be able to finance most of their projects. This revenues are very essential for the local county government because the national government issues limited funds to the local county
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  • Fall '08
  • Julier,L
  • Revenue, County, Unincorporated area, LOCAL COUNTY BUDGET

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