"the most important source of state government revenue." "primarily transferred from federal government to state governments." "the most important source of local government revenue." all of these statements are true of

Answer;

Intergovernmental Revenue

All the statement above are true of Intergovernmental Revenue.

Explanation;

Intergovernmental Revenue are funds that one level of government receives from another level of government.

It consist of monies obtained from other governments and can include grants, shared taxes, and contingent loans and advances. For instance, a state government may share a portion of its highway tax receipts with the county and municipal governments within its boundaries.

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