Local Government Finance
/ˈloʊ.kəl ˈɡʌvərnmənt fəˈnæns/
Definitions
- (n.) The management and regulation of revenue and expenditures by local government authorities.
Local government finance includes the collection of taxes and allocation of budgets for municipal services.
- (n.) The legal and administrative framework controlling the funding and fiscal policies of local governments.
Changes in local government finance law can affect municipal project funding.
Forms
- local government finance
- local government finances
Related terms
See also
Commentary
Local government finance often requires balancing statutory restrictions with revenue-raising powers; precise drafting ensures clear allocation of fiscal responsibility.
This glossary is for general informational and educational purposes only. Definitions are jurisdiction-agnostic but reflect terminology and concepts primarily drawn from English and American legal traditions. Nothing herein constitutes legal advice or creates a lawyer-client relationship. Users should consult qualified counsel for advice on specific matters or jurisdictions.