Difference between revisions of "Revenue sharing"
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| − | Revenue sharing is a program in which the federal government gives a portion of its tax revenues to state and local governments each year so that the money can be controlled and disbursed at a more local level. It was started under the administration of [[Richard Nixon]]. | + | '''Revenue sharing''' is a program in which the federal government gives a portion of its tax revenues to state and local governments each year so that the money can be controlled and disbursed at a more local level. It was started under the administration of [[Richard Nixon]]. |
[[category:economics]] | [[category:economics]] | ||
Revision as of 17:04, March 14, 2008
Revenue sharing is a program in which the federal government gives a portion of its tax revenues to state and local governments each year so that the money can be controlled and disbursed at a more local level. It was started under the administration of Richard Nixon.