Prior to the Act England's local government finance system was ranked as one of the most centralised in the world.
What does LGFS stand for?
LGFS stands for Local Government Finance System
This definition appears rarely and is found in the following Acronym Finder categories:
- Military and Government
See other definitions of LGFS
We have 2 other meanings of LGFS in our Acronym Attic
- Lancashire Grid for Learning (UK)
- London Grid for Learning
- Low-Grade Follicular Lymphoma (cancer)
- London Grain Futures Market
- Local Government Financial Management Group (South Australia)
- Local Government Finance Professionals (Australia)
- Local Glucose Flow Ratio
- Local Government Finance Report (UK)
- La Guitare Finger Style (French online guitar forum)
- Local Government Finance Statistics (UK)
- Liquefied Gaseous Fuels Spill Test Facility (Mercury, Nevada)
- Local Government Finance Vehicle (China)
- Liege, Belgium - Bierset (Airport Code)
- Light Gas Gun
- Little Green Guys
- Living God Group (India)
- Living Greyhawk Gazetteer (roleplaying games, Dungeons & Dragons)
- Local Group of Galaxies (space)
- Lost Genre Guild (biblical speculative fiction group)
- Lesotho Girl Guides Association (est. 1925)
Samples in periodicals archive:
An introduction overviews concepts of local governments, the fiscal system, and the global reality of local government finance systems.
Setting out the changes during the Bill's second reading debate in the Commons, Mr Pickles said it would make England's local government finance system more effective at supporting "local jobs, local firms and local enterprises".
He said: "The arrangement is replacing one clearly unfair to those on low incomes and is tailor-made for Northern Ireland's different local government finance system.
A school forum will be set up in every local education authority in a major overhaul of the local government finance system.
Mr Miliband also deliberately refused to rule out the possibility of handing tax-raising powers to city regions ( as recently recommended by the left-wing think tank, the New Local Government Network ( saying: "I would like to see them putting the case to Michael Lyons because the system of finance for city regions has got to fit into the overall local government finance system.
Any local government finance system will always, as Sir Michael Lyons has indicated, include an element of property tax.
Fundamentally, we believe that the need for large tax increases in the future can be removed if government will work together with business - the local government finance system should be underpinned by transparency from government, efficiency from local authorities, and stability within the system,' he added.