Revenue sharing is a funding arrangement in which one government unit grants a portion of its tax income to another government unit. For example, provinces or states may share revenue with local governments, or national governments may share revenue with provinces or states. Laws determine the formulas by which revenue is shared, limiting the controls that the unit supplying the money can exercise over the receiver and specifying whether matching funds must be supplied by the receiver.
This form is a generic example that may be referred to when preparing such a form for your particular state. It is for illustrative purposes only. Local laws should be consulted to determine any specific requirements for such a form in a particular jurisdiction.
The Hillsborough Florida Revenue Sharing Agreement is an economic arrangement between Hillsborough County and various municipalities within the county. This agreement aims to distribute revenue fairly among the different local governments to support infrastructure development, public services, and other essential community needs. One key type of the Hillsborough Florida Revenue Sharing Agreement is the Municipal Services Taxing Unit (MST) Revenue Sharing Agreement. Under this agreement, revenue generated from a specific taxation district, known as the MST, is shared among different municipalities within Hillsborough County. The MST primarily funds services such as fire protection, garbage collection, and road maintenance within the designated district. Another type of agreement is the Local Option Gas Tax (LOST) Revenue Sharing Agreement. This revenue-sharing mechanism utilizes a portion of the local option gas tax collected by each municipality in Hillsborough County to support transportation-related projects, road improvements, and public transit systems. The LOST revenue sharing promotes collaboration among local governments and ensures equitable distribution of funding for transportation infrastructure within the county. Additionally, there is the Intergovernmental Coordination Agreement (ICA) Revenue Sharing Agreement. This agreement involves revenue sharing between Hillsborough County and various cities and towns to coordinate planning, land use, and development activities. The ICA revenue sharing allows for combined efforts in addressing urban growth, zoning regulations, and infrastructure capacity, ensuring sustainable and harmonized development throughout the county. These Hillsborough Florida Revenue Sharing Agreements play a vital role in fostering cooperation, fair distribution of resources, and efficient utilization of funds among municipalities. They promote regional development, enhance public services, and contribute to the overall well-being of Hillsborough County and its residents.The Hillsborough Florida Revenue Sharing Agreement is an economic arrangement between Hillsborough County and various municipalities within the county. This agreement aims to distribute revenue fairly among the different local governments to support infrastructure development, public services, and other essential community needs. One key type of the Hillsborough Florida Revenue Sharing Agreement is the Municipal Services Taxing Unit (MST) Revenue Sharing Agreement. Under this agreement, revenue generated from a specific taxation district, known as the MST, is shared among different municipalities within Hillsborough County. The MST primarily funds services such as fire protection, garbage collection, and road maintenance within the designated district. Another type of agreement is the Local Option Gas Tax (LOST) Revenue Sharing Agreement. This revenue-sharing mechanism utilizes a portion of the local option gas tax collected by each municipality in Hillsborough County to support transportation-related projects, road improvements, and public transit systems. The LOST revenue sharing promotes collaboration among local governments and ensures equitable distribution of funding for transportation infrastructure within the county. Additionally, there is the Intergovernmental Coordination Agreement (ICA) Revenue Sharing Agreement. This agreement involves revenue sharing between Hillsborough County and various cities and towns to coordinate planning, land use, and development activities. The ICA revenue sharing allows for combined efforts in addressing urban growth, zoning regulations, and infrastructure capacity, ensuring sustainable and harmonized development throughout the county. These Hillsborough Florida Revenue Sharing Agreements play a vital role in fostering cooperation, fair distribution of resources, and efficient utilization of funds among municipalities. They promote regional development, enhance public services, and contribute to the overall well-being of Hillsborough County and its residents.
