The income raised by elected local government . It includes local taxation, national grant subventions, local government service user charges, loan capital funding, and private financial partnerships. Variations are commonly rooted in the historical development of the role of local government in the political system, and agendas for reform are generally bound up with prescriptions for that role. Historically, local taxation has been a principal source of finance where local independence against state formation is strongest, an appropriate local resource base exists, and services provided have been considered to be primarily of local interest. Both the United Kingdom ...
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