Local taxes account for about one-third of local government revenue, followed by local allocations tax, national treasury disbursements and Local Government Bonds/loans.

• • Local transfer tax: Collected as national tax and transferred to Local Governments
• • Special local grant: A revenue source treated as a substitute for local taxes, introduced to supplement a part of the decrease of local tax caused by tax cuts since FY99
• • Local allocations tax
• • National treasury disbursements: A general name for funds
  disbursed from the central government to Local Governments for specified purposes
• • Local Government bonds: Local Government borrowings not redeemed within the fiscal year

< Revenue Breakdown >　FY 2008 Settlemen

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