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B-178349 1 (1974-07-19)

handle is hein.gao/gaobabkns0001 and id is 1 raw text is: ~~~~~~~O inxw Ofe 11!, 11 ' L i.I 'S :(F11iF p i C TI11 is L t, E MEKIRVA RS M11'Rizz SN OK 1--11 Ar n&'r' OI ICE WASHING,1ON, D.C. 2~i GENERAI. G0VrRHNMN1F DIBW=~'~~ B - 17 3WRELEASED The Ilonorablo Tery Litt-on louse of Representatives iII III u11 'IP 13 ~~7 Dear Mr. Litton: Your March M, 1474, Utter requested the amount of total Federal tax rc,-etl,,s ,t rived frin and total Federal payment.s disbursed to the State Of MiR.AoUCi, each of the O congre ssional district:; of Missouri, and the 23 couutiej within the Sixth Congressional District. P - 2 . : In our April 4 meeting, your office agreed that Federal disburse- ment data would he IKimit* d to ievenue sharing cntitlenents as of Jun 309 1973, and that wn t.would contrast Federal individual income tax collections and revnue 'arin vintit i :;Unts for the 50 SLates. On May 30, your office indicated that the data we had compiled (see enCse 1, I1, and III) and an explanatory I. tter would satisfy your request. METHOD I1SI-D TO ALIOCATF R VFNIE SI1\l NG FUNDS The State and Local Fiscal Assistance Act of 1972, popularly known as the Revenue SharLn,; Act, provides for distributing about $30.2 billion to State governments and tu over 34,OO0 local governments during a 5-year period beginning January L, L972. A State's revenue sharing entitlement is determined by applying two formulas--a five-facLor and a throe-factor formula--and Lhcn using the formula that yields the higher amount. If the total amount allocated to all States under this procedure exceeds the appropriation for that entitlement period, thyi atlocation to each State is reduced proportion- ately so that the total amount allocated equals the amount appiooriatedo Three factors in the five-factor formula were desined to cons ider need--pputat ion, urbanize:d populat io, and popu ation weihted hv ti'e relative pt r capita Lnco,:h of th United States compared to the SLate per capita income.o Each factor is given a weight of about 22 percent in l'iiiiiii iii ~ A I,iiiiiIII~ flIiil E

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