1. State and Local Taxes and Spending
Topic 8: Section 4
State and Local Taxes and Spending

2. What is the difference between Federal & State budgets?

3. How would you differentiate between:
Operating Budget
Capital Budget

4. What is a balanced budget?
Is Georgia required to have a balanced budget?

5. Identify some State spending categories:1. 2. 3. 4. 5. 6.

6. What are some sources of state revenue?

7. What are some limits on state taxing?

8. What expenses are required of local governments?

9. How many local government units are in existence today?

10. What are the major responsibilities of local government?

11. What are the sources of revenue for local governments?