Emergency Targeted Revenue Sharing Act of 2006

H.R. 4851, the Emergency Targeted Revenue Sharing Act of 2006, proposed a program to provide direct federal financial assistance to state and local governments over a three-year period. The bill aimed to distribute funds specifically for two purposes: supporting local education systems and providing general revenue for community services.

Under this legislation, the Department of the Treasury would have allocated money to states based on their school-age and general populations, with half of the funds required to be passed down directly to local municipalities. For citizens, this would have meant increased federal funding for local schools and additional resources for general public services, such as infrastructure or public safety, intended to provide economic relief to local budgets.