Asked by Kassidy Trovato on Apr 30, 2024
Verified
The major expenditure of local governments is for education.
Major Expenditure
Large financial spending, often on significant items or services, that represents a considerable portion of an entity's budget.
- Understand the significance of tax freedom day and the major sources of government revenue at different levels (local, state, federal).
Verified Answer
ZK
Zybrea KnightMay 05, 2024
Final Answer :
True
Explanation :
According to the National Association of State Budget Officers, education is consistently the largest category of state and local government expenditures, accounting for around 30% of all spending.
Learning Objectives
- Understand the significance of tax freedom day and the major sources of government revenue at different levels (local, state, federal).