Governmental structure in the United States is more complicated than in most countries. Which, in turn influences the complexities of public finance.
The federal government and state governments operate under separate constitutions, and at the local level, cities, counties, and special districts enjoy varying degrees of legal autonomy. Each level has its own authority to levy taxes and collect revenues to support the delivery of its services. The transfer of funds between levels, especially from the federal and state governments, provides an important source of revenue for local service delivery.
Financing the public’s business is an integral part of democratic governance. Too frequently, citizens and even career administrators consider public finance the obscure work of specialists. There are a wide variety of finance strategies that we rely upon to fund public projects and operations.
Taxpayers must have confidence in revenue collection an financial management systems of public agencies.
![](https://s2.save4k.ru/pic/m7wMDzkMhIs/maxresdefault.jpg)