Improving your local government's receipt collection system may get revenue into its bank account more quickly.
Start by evaluating the costs and benefits of various revenue collection alternatives, using measures such as:
- How long does it take to process a tax or fee payment?
- How many total collections are being processed?
- What is the cost per transaction?
- How convenient is the process for residents?
By becoming more efficient, your local government can possibly increase collections, lower processing costs and increase interest earnings.