What are the four major categories of revenues anticipated in a municipal budget?

The four major categories of revenues anticipated in a municipal budget encompass a broad range of funding sources that support the municipality's financial needs to deliver services to the public. These categories typically include taxes, which are a primary source of funding for local governments; state aid, which refers to financial assistance provided by the state government; and delinquent taxes, representing the unpaid tax liabilities from previous periods that are anticipated to be collected. The mention of surplus refers to funds that remain from previous budgets, which can also be utilized to support current year expenditures.

Recognizing the correct categories of revenue is crucial for understanding how municipalities plan their budgets and allocate resources efficiently. A well-structured budget includes diverse revenue streams to ensure stability and sustainability in financing municipal operations.