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Public Affairs Part I
Local Government Finance
 
Types of Local Govt Finance
There are two main types of finance:•
Revenue
– Money needed to fund day-to-day spending (e.g. running costs of offices, schools, roads, etc)•
Capital 
– Investment in infrastructure (e.g.the building of new roads, schools, etc)
 
Breakdown of local authorityrevenue income for 2008-9
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