What is the main objective of the "Tax Levy"?

The main objective of the "Tax Levy" is to raise revenue through property taxes. Tax levies are implemented by local governments as a primary means to collect funds necessary for various municipal services and obligations, such as public safety, infrastructure maintenance, education, and other essential services provided to residents.

When a municipality determines its budgetary needs for a given fiscal year, it calculates the amount of revenue required to meet its expenditures. The tax levy establishes the amount of property taxes that will be assessed on property owners within the municipality. This mechanism ensures that the local government has the financial resources needed to operate effectively and deliver critical services to its community.

While other options may involve aspects of tax policy or budgetary considerations, they do not accurately represent the fundamental purpose of tax levies. Tax credits may benefit residents but do not align with the goal of raising revenue. Similarly, while funding social programs could be a result of revenue generated, it is not the definitive objective of a tax levy. Distributing surplus funds does not pertain to the function of a tax levy, as it relates more to fiscal management after revenue has been collected.