Revenue Source: Taxes
Description: Taxes are mandatory financial charges imposed on individuals or corporations by the government to fund public services.
Example: Sales tax, income tax
Revenue Source: Fees
Description: Fees are charges levied for specific services provided by the government.
Example: Vehicle registration fees, parking fees
Revenue Source: Fines and Forfeitures
Description: Fines and forfeitures are penalties imposed for violations of laws or regulations.
Example: Traffic tickets, court fines
Revenue Source: Grants
Description: Grants are funds provided by the federal government, state government, or private organizations for specific purposes.
Example: Federal grants for education, state grants for infrastructure projects
Revenue Source: Property Taxes
Description: Property taxes are taxes levied on the value of real estate or personal property.
Example: Property tax on homes, businesses
Issue of Concern: Funding for upgrading public transportation in Georgia
Possible Sources of Revenue:
1. Sales tax: A small increase in sales tax could generate significant revenue for public transportation upgrades as it can be spread across a large number of people who benefit from improved transportation services.
2. Grants: Applying for federal or state grants specifically designated for public transportation projects would be appropriate as it aligns with the purpose of improving transportation infrastructure.
Justification: Sales tax is a commonly used source of revenue for government services, as it is collected from a broad base of individuals who are likely to benefit from the improved public transportation system. Grants designated for transportation projects also provide a targeted source of funding that specifically supports the intended purpose.
In the section, you will examine the sources of revenue at the state and local levels for Georgia to pay for various government services. Misuse of public funding is often tempting to local representatives and a common problem in our government system. It is important that purchases and projects undertaken by the government fall under one of the 16 governmental services mapped out in the Constitution. There are many sources of funding for government services.
1. You need to completer the graphic organizer below. You will list briefly describe, and include a specific example source of revenue for each category.
2. Identify 2 possible sources of revenue that would most likely be appropriate to provide the funding for your issue of concern. You justify why you believe this would be an appropriate source of revenue for your issue.
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