Explain the Major Sources of Revenue for Both State and Local

question 6

Essay

Explain the major sources of revenue for both state and local governments,and address the major constraint upon their ability to generate revenue.

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Definitions:

Tipper

An insider who gives inside information to someone.

Tippee

An individual who receives confidential information from an insider.

Publicly Traded

Refers to a company whose shares are available for purchase by the general public on a stock exchange.

Confidential Information

Data or information of a private nature, the disclosure of which to unauthorized individuals can be harmful to an individual, group, or organization.