00:02
Hello, let's start with the first part.
00:06
The sources of revenue for state and local governments are, of course, they are different from the sources of revenue for the federal government.
00:20
So our answer is different from, because the federal government has the largest source of revenue such as, individual income taxes, payroll taxes and corporate income taxes.
00:42
But for state and local governments mostly there are property taxes, sales taxes and of course transfers and different intergovernmental revenue.
00:59
So okay, the second part, the largest source of revenue for state governments.
01:07
So the largest revenue source for state according to the recent information is either intergovernmental revenue or we call this transfers.
01:22
So transfers from the from the federal government but here we don't have this answer option so probably we should choose well if you can choose transfers transfers, please choose transfers...