Yahoo Answers is shutting down on May 4th, 2021 (Eastern Time) and beginning April 20th, 2021 (Eastern Time) the Yahoo Answers website will be in read-only mode. There will be no changes to other Yahoo properties or services, or your Yahoo account. You can find more information about the Yahoo Answers shutdown and how to download your data on this help page.

Eydd asked in Politics & GovernmentGovernment · 1 decade ago

What is the difference between state and local revenue?

1 Answer

  • 1 decade ago
    Favorite Answer

    State revenue is collected by the state's Department of Revenue, and includes state income taxes, gas, sales, tobacco, alcohol taxes, tabs, state corporate taxes, pay roll taxes, and many other taxes and fees.

    Local revenue is collected by some department in a local, regional, or county government. It varies from state to state, county to county, municipality to municipality, etc. Here in MN, we have municipal governments (i.e. cities, towns), county governments, and even a regional governmental organization called the Metropolitan Council that does planning for the Twin Cities and the seven surrounding counties. All can set local policies, with the county usually supersedes municipal; and regional usually supersedes both county and municipal.

    Most revenue comes from sales taxes and property taxes. Like the state, there are tons of taxes and fees that they collect, and again, it differs by state, county, region, municipality.

Still have questions? Get your answers by asking now.