which of the following is the largest source of revenue for local governments
Like other parts of the revenue structure, tax revenue setting by municipalities is restricted by state governments. States are not uniform in their approach to allowing municipalities to utilize the three major sources of tax revenue-property, sales and income taxes-usually permitting some combination.ince local governments are corporations of state government, local revenue structures are largely determined by state doctrine. While state governments generally aim to provide sufficient autonomy and support to local governments, there are fifty state-local revenue systems that even vary within states.