Page "government" Paragraph 172

It has been said that when local government revenues were mostly produced locally from the property tax, the lack of a uniform fiscal year was no great handicap ; ;

but with the growth of state and federal fiscal aid, the emphasis on equalization, and the state-local sharing of responsibility for certain important functions, this is no longer true.

The haphazard fiscal year calendar is an obstacle to the planning of clear and efficient state-local revenue and expenditure relationships.

Disadvantages.