Mary J.
asked • 12/04/19identify and describe the 2 main sources of revenue and 2 main expenses for the state government
Exclude intergovernmental revenue and expenses
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1 Expert Answer
Alejandro L. answered • 04/04/20
Tutor
New to Wyzant
Tutor Specializing in Math and History
A state may levy taxes upon its citizens. It can also receive funds from the federal government in the form of grants.
Main expenses include maintaining state-owned infrastructure and welfare systems.
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Benjamin W.
Revenue: General Obligation Bonds, State Income Tax, State Sin Tax. Expenses: Education, Prisons, State Troopers (depending on how much policing has to be done by the State Troopers, it can be high.)01/18/20