revenue sharing

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rev′enue shar`ing

the system of disbursing part of federal tax revenues to state and local governments for their use.
ThesaurusAntonymsRelated WordsSynonymsLegend:
Noun1.revenue sharing - distribution of part of the federal tax income to states and municipalities
distribution - the act of distributing or spreading or apportioning
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References in periodicals archive ?
10 billion in revenue sharing grants are allocated to states based on the higher of a $50 million minimum or per capita share based on 2000 Census.
The third-quarter increase was more than accounted for by a $2-1/2 billion increase in revenue sharing grants to local governments, which was due to an advance payment of the fourth-quarter grant.