Resumen de The new realities of fiscal federalism: Local government budgeting in the 21st Century
Amassing sufficient revenues to balance the annual budget is a perpetual and daunting challenge for local government officials in the United States (U.S). While local governments depend primarily on own-source types of revenue to cover anticipated expenditures, they nonetheless count on money that comes from the federal, state, and other local governments—that is intergovernmental revenue—to augment funds raised through internal means and thus assist them in making ends meet. The purpose of this paper is to examine the contribution that state and federal aid as well as revenue derived from other local governments has made to the revenue side of the budgets of five types of local government (counties, municipalities, townships, special districts, and school districts) from 1962 to 2017. From this perspective, it is hoped that we can gain a better sense of what many have referred to as the “new realities” of fiscal federalism and what the implications may be for these five types of local governments going forward
