revenue-sharing

revenue sharing

noun
the system of disbursing part of federal tax revenues to state and local governments for their use.

Origin:
1970–75

rev·e·nue-shar·ing, adjective
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Based on the Random House Dictionary, © Random House, Inc. 2013.
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American Heritage
Cultural Dictionary

revenue sharing definition


A transfer of tax revenue from one unit of government, such as the federal government, to other units, such as state governments.

The American Heritage® New Dictionary of Cultural Literacy, Third Edition
Copyright © 2005 by Houghton Mifflin Company.
Published by Houghton Mifflin Company. All rights reserved.
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00:10
Revenue-sharing is always a great word to know.
So is doohickey. Does it mean:
a gadget; dingus; thingumbob.
a children's mummer's parade, as on the Fourth of July, with prizes for the best costumes.
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