Definition

1. Noun:
   • The distribution of a portion of collected tax revenue, typically from a central government to subordinate state or local governments: "revenue sharing" refers specifically to a fiscal policy mechanism where a higher level of government allocates a part of its tax income to lower levels of government.

Usage Examples

• Noun:
  • The state's infrastructure projects were funded through federal revenue sharing.
  • A new law established a system of revenue sharing to support municipal services.

Advanced Usage

• As a policy concept: The term is often used in discussions of public finance, federalism, and intergovernmental relations.
  • The debate centered on whether revenue sharing promotes fiscal equity among regions.

Variants and Related Words

• Revenue-sharing (adj): Used attributively to describe related policies or agreements.
  • They negotiated a revenue-sharing agreement.

Synonyms

• Tax sharing: The distribution of tax income.
• Fiscal transfer: A broader term for the transfer of funds between government levels.

Related Phrases

• Revenue-sharing model: A specific framework or formula for distributing the revenue.
  • The company and the developer agreed on a revenue-sharing model for the app.

Related Idioms

Noun

1. distribution of part of the federal tax income to states and municipalities