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Compact, 1973
In effect, a portion of each American's individual income tax payments will be returned to his own State and locality by revenue sharing. (Author/JN)
Descriptors: Federal Aid, Federal State Relationship, Financial Policy, Resource Allocation
Compact, 1973
The goal of revenue sharing is to restore a proper balance to the federal system in the belief that, given sufficient resources, States and localities can be more responsive to the needs of the people. (Author)
Descriptors: Educational Finance, Federal Aid, Financial Policy, Local Government