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A typical enabling statute grants municipalities all but which of the following powers? The power to:
Derived Tax Revenue
Income obtained by government authorities through taxation that is influenced or generated from specific business activities or transactions.
FICA
The Federal Insurance Contributions Act, a U.S. law requiring a deduction from paychecks to fund Social Security and Medicare.
Property Taxes
Taxes imposed on property owners by local governments, based on the assessed value of their property, including lands and buildings.
Governmental Funds
Categories of funds used by governments in accounting to segregate transactions related to specific government functions, such as education or public safety.
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