State and local governments finance expenditures mainly from

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Quizplus · Accepted Answer

State and local governments mainly finance their expenditures through tax revenue, which includes income tax, sales tax, property tax, and other taxes collected from individuals and businesses within their jurisdiction. While they may also receive some funds from the federal government, government bonds, or private bank loans, these sources of funding are not as significant as tax revenue. Lottery funds are often earmarked for specific purposes, such as education or infrastructure projects, and may not cover all government expenditures.

State and Local Governments Finance Expenditures Mainly from