Revenue Sharing: An Important Economic Development Tool For Virginia Localities
Historically, Virginia's unique and fractured system of local government-with its independent cities and counties- has made regional economic development efforts among Virginia localities extremely rare. In more recent years, however, local government leaders have come to realize that they must find ways to work with neighboring jurisdictions to pool available resources if they are to succeed at bringing new businesses and jobs to their communities. As a result, revenue sharing agreements have emerged as an important tool available to local governments in their efforts to establish successful regional economic development projects.
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