SAT WORDSWeek 1

By: Hailey Christian

Revenue (rev-uh n-yoo, -uh-noo)

Income from the government in taxation, customs, duties, and other sources

“Where does a bank’s revenue come from?”

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do/

Debt (det)

Something that is owed

“ How could I be in so much debt?!”

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k-at

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op

tions

Expenditure [ik-spen-di-cher]

Money spent or paid out

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“Should I choose name brand salad or Publix?”

Municipality [myoo-nis-uh-pal-i-tee]

A city or town with its own local government

“I am proud to present that we have our own government.”

http://www.toonpool.com/cartoons/Istvan%20Tarlos%20The%20Mayor_99857

Special- Purpose District Created for single job or single group of tasks

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“My job is just for me because I am in a special-purpose district.”

CharterA document outlining the conditions of how a city is organized and describing its rights and privileges.

htt

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“Signing this charter, will give the city more rights and privileges.”

SPLOST- Special Purpose Local Option Sales Tax

Taxes to help for improvement projects for public facilities, roads, and bridges

htt

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Dividends

The sum of money paid to investors of an establishment out of earnings

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“Ma’am, this is your dividend.”

Council- Manager City Government

http

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The voters elect a city council that establish law and policies

“ I’m voting for a council manager form of government.”

Income Tax

Tax on income that is taken out before you get your check ht

tp:/

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iant

ax.b

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pot.

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ents

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“ The income tax takes out an amount that gives me less money to have to pay bills.”