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under which all residents are taxed at the same rate regardless of income.
both state and local governments spend a great deal of money, but they spend
it in different ways. the biggest category of direct expenditures on the part
of states is health care. most of the money is used to fund medicaid, health
insurance for low - income individuals or those with disabilities. a significant
share of spending for both state and local governments is education. local
governments devote nearly all their education dollars to k - 12 education. states
allocate more than 80 percent of their education spending to higher education.
local governments also spend on services such as public safety and corrections
and on utilities such as water, electricity, and sewage systems.
what is the term for spending
by state and local
governments?
The text discusses the spending of state and local governments, and the term for this spending is "government expenditure". Government expenditure refers to the total amount of money spent by the government on various goods, services, and programs. In this case, state and local governments spend money on healthcare (such as Medicaid), education (both K - 12 and higher education), public safety, corrections, and utilities.
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Government expenditure