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Revenue and Expenditure in Government Finance

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Explore the intricacies of revenue generation and spending in government finance, covering concepts like debt, dividends, SPLOST, and income tax.

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Revenue and Expenditure in Government Finance

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  1. SAT Words Week 1 By: Hailey Christian

  2. Revenue (rev-uh n-yoo, -uh-noo) Income from the government in taxation, customs, duties, and other sources http://removingcomplexity.wordpress.com/2006/12/07/i-just-got-20000-what-should-i-do/ “Where does a bank’s revenue come from?”

  3. Debt (det) Something that is owed http://www.financialhelper.co.uk/credit-and-debt-woes-%E2%80%93-a-look-at-your-options “ How could I be in so much debt?!”

  4. Expenditure [ik-spen-di-cher] Money spent or paid out http://www.sunpack.com/blog/tag/design/ “Should I choose name brand salad or Publix?”

  5. Municipality [myoo-nis-uh-pal-i-tee] A city or town with its own local government “I am proud to present that we have our own government.” http://www.toonpool.com/cartoons/Istvan%20Tarlos%20The%20Mayor_99857

  6. Special- Purpose District Created for single job or single group of tasks http://www.allchichesterjobs.com/ “My job is just for me because I am in a special-purpose district.”

  7. Charter A document outlining the conditions of how a city is organized and describing its rights and privileges. http://www.doe.virginia.gov/instruction/charter_schools/index.shtml “Signing this charter, will give the city more rights and privileges.”

  8. SPLOST- Special Purpose Local Option Sales Tax Taxes to help for improvement projects for public facilities, roads, and bridges http://www.guardian.co.uk/education/2009/jan/21/school-building-threatened

  9. Dividends The sum of money paid to investors of an establishment out of earnings http://www.ehow.com/info_12010826_tax-rules-giving-money-families-us.html “Ma’am, this is your dividend.”

  10. Council- Manager City Government The voters elect a city council that establish law and policies http://www.clipartof.com/portfolio/toonaday/illustration/cartoon-woman-putting-her-ballot-into-a-vote-box-436831.html “ I’m voting for a council manager form of government.”

  11. Income Tax Tax on income that is taken out before you get your check http://ukrainiantax.blogspot.com/2011/09/amendments-to-tax-code-of-ukraine_12.html “ The income tax takes out an amount that gives me less money to have to pay bills.”

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