Sentences with phrase «of local government revenue»

Despite being out of government, his party worked with the minority SNP Government on certain issues where they broadly agreed, including replacing the council tax with a local income tax to fund a proportion of local government revenue.

«This is key to maintaining the credibility of council tax as a source of local government revenue.»

THE DOLLARS & $ ENSE OF DEVELOPMENT PATTERNS The Buffalo Niagara Regional Report Property taxes are the backbone of local government revenue.

Not exact matches

By paying workers as independent contractors when they should be paid as employees, federal, state and local governments potentially miss out on tax revenue they would otherwise collect; this tax gap was the focus of a special report to Congress in 2011 and continues to be an area of focus today.

With estimates that the global market for medical marijuana could reach $ 50 billion by 2025, the Israeli government is set to allow the local industry to start exporting and projects annual revenues in the hundreds of millions of dollars.

In an era when the pension liabilities of local governments remain a concern, investors may want to consider the debt offered by established public enterprises — airports and utilities, for example — as an attractive alternative to lease revenue and pension obligation bonds.

This production generates billions of dollars in revenue for state and local governments and the U.S. taxpayer, while supporting hundreds of thousands of jobs.

«If we substitute a tax on marijuana cigarettes equal to the difference between the local production cost and the street price people currently pay — that is, transfer the revenue from the current producers and marketers (many of whom work with organized crime) to the government, leaving all other marketing and transportation issues aside we would have revenue of (say) $ 7 per [unit].

The study's authors say they used the same methods researchers developed in a 2009 report titled «State and Local Government Sales Tax Revenue Losses from Electronic Commerce,» compiled by business professors at the University of Tennessee.

State and local governments saw a big jump in tax revenues in the final three months of 2017, due in large part to an increase in the prepayment of income and property taxes as some high - income residents sought to take advantage of deductions that will be sharply reduced in 2018.

«One thing is for sure,» the reports says, «state and local governments face large fiscal uncertainties and state forecasters are struggling to sort out various impacts of the TCJA on the state tax revenues.»

State and local governments saw a big jump in tax revenues in the final three months of 2017, due in large part to an...

The Rockefeller Institute of Government, which released a new state revenue report on Monday, said that «The Tax Cuts and Jobs Act (TCJA), enacted in late December 2017, created strong incentives for some high - income taxpayers to act fast and prepay their state and local income and property taxes to take advantage of the expiring tax breaks, namely the state and local tax (SALT) deduction, which is capped at $ 10,000 per year as of January 1, 2018.»

debt obligations of the U.S. government that are issued at various intervals and with various maturities; revenue from these bonds is used to raise capital and / or refund outstanding debt; since Treasury securities are backed by the full faith and credit of the U.S. government, they are generally considered to be free from credit risk and thus typically carry lower yields than other securities; the interest paid by Treasuries is exempt from state and local tax, but is subject to federal taxes and may be subject to the federal Alternative Minimum Tax (AMT); U.S. Treasury securities include Treasury bills, Treasury notes, Treasury bonds, zero - coupon bonds, Treasury Inflation Protected Securities (TIPS), and Treasury Auctions

These retirement tax breaks amount to a significant loss of tax revenue for federal, state, and local government budgets.

The government has already promised 100,000 pounds in compensation funding for local communities as well as a share of revenue raised from shale gas sales.

The Asia Society's China Dashboard shows local governments are currently spending about 144 % of their revenues.

Some $ 24 million in cuts are due to a new 2 percent handling fee the state is charging local governments for managing sales tax revenue, a part of the transit agencies» funding, according to the Tribune.

While property taxes in the state serve as an important source of revenue for local governments and public services (including public education) the average Alabama homeowner pays just $ 550 per year in property taxes.

Some local governments have been keen to host e-sports contests or build e-sports industrial parks with large companies, in hopes of boosting local revenue through the emerging sector.

Property taxes in North Carolina are a key source of revenue for local governments, providing funding for services such as public education and law enforcement.

Property taxes in Missouri are a key source of revenue for local governments.

The potential impact of this shift on churches becomes apparent when one realizes that the average local government receives 64 per cent of its general revenue from property taxes and that churches own a vast amount of untaxed property.

Estimate of Financial Impact: No financial effect on state or local government expenditures or revenue.

1) Charities spend their income on necessities, such as food and utilities, which ever - so - slightly re-orients our economy toward recession - resistant products, rather than luxuries 2) Charities spend their money quickly, but on independent schedules, making for a smoother stimulus effect on the economy 3) Charities make purchases tax - free, meaning that $ 1 spent by a charity generates a full $ 1 of private economic activity; furthermore, much of those tax revenues are recovered as income tax on the grocery stores, utility companies, etc. that might not have received that income otherwise 4) Charitable giving is by far the most democratic way to improve society; from birth control to bombers, government assuredly spends money on something you don't like, and charitable giving restores your say - so 5) Charitable donations are tax deductible, meaning you keep those tax dollars in your local community 6) Charitable donations provide the funds necessary for volunteers to serve the needy, thus giving «the average citizen» a chance to meet and interact with the needy, breaking down stereotypes

If schools want to offer competitive foods, the revenue from the sales of such food (and any non-federal revenues that state or local governments or school districts choose to provide) should cover the costs, without federal cross-subsidies.

By 2021, Maxey - Faulkner said, local governments will see a minimum of $ 5.3 million in revenue from the restructured Lollapalooza deal.

Cuomo proposed using some of a $ 4 billion surplus, which he acknowledged was a «one - shot» revenue source from numerous financial settlements, on infrastructure spending, education and for helping local governments find ways to share services as part of an overall economic development boost for the upstate region.

While highlighting some of the unhelpful provisions in the Constitution, Governor Ambode attributed the imbalance in the financial resources of States and Local Governments to the current unhealthy revenue sharing formula which is heavily tilted in favour of the Federal Government.

«We agree with suggestions that the assignment of an appropriate share of revenue of the tax collected to Scotland, while not providing the total accountability nor the kinds of powers for specific policy objectives the Scottish Government seeks, does provide an indirect advantage to Scotland in that greater economic growth as a result of local policies would increase revenue.

ttributed the imbalance in the financial resources of States and Local Governments to the current unhealthy revenue sharing formula which is heavily tilted in favour of the Federal Government.

To enhance efficiency both in the valuation of properties and revenue collection process from this source, in 2018, GRA will collaborate with the Ministry of Local Government and Rural Development (MLGRD) to support the MMDAs in the assessment and collection of property taxes.

The Rockefeller Institute of Government released a report finding that state and local government tax revenues continue to grow at an extremely Government released a report finding that state and local government tax revenues continue to grow at an extremely government tax revenues continue to grow at an extremely slow pace.

The 1999 Constitution provides for the establishment by each state of the said account into which shall be paid all revenues due to local governments of that state from the Federation Account and from the state government.

Local governments want to get what they say is their share of pot tax revenue.

«Unfortunately, the lack of oversight from local governments have led to instances of favoritism and lost revenue for the state,» Avella said.

For the purpose of uniformity, accountability and transparency, members from Revenue Mobilisation Allocation and Fiscal Commission who have representatives from every state of the federation were recommended, as umpires and arbiters of the Federation Account, to play prominent roles during the meeting of the State Joint Local Government Accounts Allocation Committee.

It says the amendment would allow the legislature to authorize up to seven casinos for the purpose of «promoting job growth, increasing aid to schools, and permitting local governments to lower property taxes through revenues generated.»

Now, local government secretary Greg Clark claims to have found the answer: by 2020, local authorities will be financially self - sufficient, with funding from local revenue sources such as council tax and business rates to take the place of government grants.

Passage of Proposal # 1 would also send more than $ 35 million in new tax revenue to the Capital Region, money that would be used to improve schools, help local governments fund critical services, and lower property taxes.

The agreement would grant the Oneida Nation exclusive rights to casino gaming in Central New York in exchange for sharing a portion of gaming revenues with the state and local governments.

The budget document itself is based on the State - mandated Uniform Accounting System for New York State Local Governments, and provides a line - by - line accounting of all County revenues and expenditures.

A rush toward ill thought out development simply to generate quick revenue will damage regions in the long run, the Federation of Small Businesses (FSB) has said in its consultation response to the Local Government Resource Review, which closed Monday 24 October.

Unlike other local governments the governor's office says NYC has a range of local revenue sources.

Taxation in the United Kingdom may involve payments to at least two different levels of government: local government and central government (HM Revenue & Customs).

«These local sales tax revenues enable counties and other local governments that also receive a share of these revenues, to pay for state mandated programs and provide critical local services that would disappear,» Acquario stated.

«The proposed amendment to section 9 of article 1 of the Constitution would allow the Legislature to authorize up to seven casinos in New York State for the legislated purposes of promoting job growth, increasing aid to schools, and permitting local governments to lower property taxes through revenues generated.

That wording says casinos would be approved for the «purposes of promoting job growth, increasing aid to schools, and permitting local governments to lower property taxes through revenues generated.»

Hawkins would increase state revenue sharing to local governments to 8 % of state revenues.

«Another cash of monthly N1.3 bn budget support fund, including Internally Generated Revenue of about N300m is there and this is separate from the local government allocation, thus bringing total cash this month alone to N13.1 bn.»