which statement is most accurate about the sources of revenue for local and state governments?

Question

generally well over 1/2 the total revenue of local states and governments

property taxes, generate the most tax revenue for both local and state governments

between 30 and 40% of the revenue for local and state governments come from grant money

local state governments, generate equal amount of revenue from issuing licenses and certificates

Answer 1

The most accurate statement about the sources of revenue for local and state governments is:

Property taxes generate the most tax revenue for both local and state governments.

Property taxes are indeed a significant source of revenue for local governments, and they also contribute notably to state revenues. While grant money and other sources do play a role, property taxes are typically among the largest sources of tax revenue at the local level.