ABSTRACT
Revenue obtained from miscellaneous sources, while constituting only a small proportion of local governments' OSR, is nonetheless indispensable for them in balancing their budgets on an annual basis. In looking at the contribution that miscellaneous revenues make to the typical local government over time, as this chapter does, it appears that it is in the range of 6–7 percent in a normal economy. Some of the particulars about miscellaneous revenue are especially worth noting. First, an assortment of several monetary sources that include things such as fines and forfeits, rents and royalties, and donations (but primarily fines and forfeits) usually referred to collectively to as “other miscellaneous revenue” have consistently made up the majority of miscellaneous revenue. Second, “interest income” has occasionally accounted for nearly the same proportion as “other miscellaneous revenue” from time to time, but normally “interest income” has been the second most important component of miscellaneous revenue. Then, proceeds from the sale of surplus government property and the levying of special assessments have accounted for much smaller percentages of miscellaneous revenue.
