While most funding for cities and counties is raised through local taxes and fees, what other revenue source makes up about a third of most municipal revenues?

a. state and federal funds

b. corporate donations

c. annual fundraisers

d. ticket sales for public events

State and federal funds

Answer

State and federal funds

Explanation

Revenue is the states annual income from which public expenses are met. The government has various sources of income which includes excise duties, taxation among other sources. A part from local taxes and fees which are used to fund the counties and cities, state and federal funds as source of revenues makes up about a third of most municipal revenues. A federal fund is an award of financial assistance from federal agency to a recipient to carry out public support purposes as authorized by the states law.