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ERIC Number: ED101463
Record Type: RIE
Publication Date: 1975-Feb
Pages: 56
Abstractor: N/A
Reference Count: 0
ISBN: N/A
ISSN: N/A
General Revenue Sharing: Reported Uses 1973-1974. A Tabulation and Analysis of Data from Actual Use Report 4.
Office of Revenue Sharing (Dept. of Treasury), Washington, DC.
This document presents a summary and analysis of the reported uses of general revenue sharing (GRS) funds expended during the period July 1, 1973 to June 30, 1974. The report also provides a comparison of reported uses since the January 1, 1972 initiation of the GRS program. Findings indicate that more than $6.7 billion of GRS funds were spent by States and recipient local governments during the 1974 fiscal year. It is estimated that this figure represents approximately 3 percent of the total expenditures of these governments during the same period. An analysis of the reported actual uses of general revenue sharing during the 1973-74 period reveals the following major uses of GRS monies by States and local governments: public safety services, 23 percent; educational services and facilities, 21 percent; public transportation, 15 percent; and multipurpose and general government, 10 percent. Sixty percent of the States were able to reduce taxes by virtue of GRS funds, and 20 percent were able to prevent new taxes. At the local level, 35 percent reported GRS receipts had enabled them to prevent new taxes while 34 percent reported local taxes had been kept at prior levels. (Author/DN)
Superintendent of Documents, U.S. Government Printing Office, Washington, D.C. 20402 (Stock No. 048-000-00266, $0.85)
Publication Type: Reports - Research
Education Level: N/A
Audience: N/A
Language: N/A
Sponsor: N/A
Authoring Institution: Office of Revenue Sharing (Dept. of Treasury), Washington, DC.