State and Local Expenditures
Although the battles over the federal .budget command the headlines, state and local units provide many of the essential functions in today’s economy. Figure 16-3 illustrates the way states and localities spend their money. By far the largest item is education because most of the nation’s children are in schools financed primarily. by local governments. By attempting to equalize the educational resources available to every child, public education helps level out the otherwise great disparities in economic opportunity.
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