For state and local governments, the largest source of tax revenues is from sales and excise taxes, while the largest category of spending is for public education.

Question

Quizplus · Accepted Answer

Sales and excise taxes are significant sources of revenue for state and local governments, and public education is typically the largest category of spending for these entities, reflecting the substantial investment in K-12 schools and related educational services.

For State and Local Governments, the Largest Source of Tax