Which of the following is NOT one of the four major categories of revenues anticipated in a municipal budget?

When analyzing municipal budgets, there are typically four major categories of revenues that are projected. These categories usually include taxes, delinquent taxes, miscellaneous revenue, and grants and funding.

Taxes represent the primary source of revenue for most municipalities, as they include property taxes, sales taxes, income taxes, and other taxes levied on residents and businesses. Delinquent taxes are those revenues that are expected to be collected from past due accounts, reflecting outstanding taxes owed to the municipality. Miscellaneous revenue encompasses various income sources that do not fall into the primary categories, such as fees for services, fines, and permits.

Grants and funding are often considered an important source of revenue as well, but they do not typically fall into the same core categories as taxes and delinquent taxes. Instead, they are seen as supplemental or external funding sources that assist in funding specific projects or services rather than as a steady, predictable revenue stream.

Therefore, while grants and funding are integral to overall financial planning, they are not counted among the four major categories of anticipated revenues in the context of a municipal budget. This distinction clarifies why grants and funding do not fit into the main categories typically prioritized in municipal budget forecasts.