NAICS Code 921130-01 - City Government-Finance & Taxation

Marketing Level - NAICS 8-Digit

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NAICS CODE 921130-01
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NAICS Code 921130-01 Description (8-Digit)

City Government-Finance & Taxation is a subdivision of Public Finance Activities industry that involves the management of financial resources and taxation policies of a city government. This industry is responsible for ensuring that the city's financial resources are allocated efficiently and effectively to meet the needs of the community. City Government-Finance & Taxation is a crucial aspect of city governance as it helps to fund public services such as education, healthcare, and infrastructure development.

Parent Code - Official US Census

Official 6‑digit NAICS codes serve as the parent classification used for government registrations and documentation. The marketing-level 8‑digit codes act as child extensions of these official classifications, providing refined segmentation for more precise targeting and detailed niche insights. Related industries are listed under the parent code, offering a broader context of the industry environment. For further details on the official classification for this industry, please visit the U.S. Census Bureau NAICS Code 921130 page

Tools

Tools commonly used in the City Government-Finance & Taxation industry for day-to-day tasks and operations.

  • Budgeting software
  • Tax preparation software
  • Financial management software
  • Accounting software
  • Data analysis tools
  • Economic forecasting tools
  • Investment management software
  • Risk management software
  • Debt management software
  • Performance measurement tools

Industry Examples of City Government-Finance & Taxation

Common products and services typical of NAICS Code 921130-01, illustrating the main business activities and contributions to the market.

  • Property tax assessment
  • Municipal bond issuance
  • Budget planning and execution
  • Revenue forecasting
  • Debt management and refinancing
  • Financial reporting and analysis
  • Investment management
  • Pension fund management
  • Sales tax collection
  • Business license issuance

History

A concise historical narrative of NAICS Code 921130-01 covering global milestones and recent developments within the United States.

  • The City Government-Finance & Taxation industry has a long history dating back to ancient civilizations such as Greece and Rome, where city-states levied taxes on their citizens to fund public works and services. In the United States, the industry has its roots in the colonial era, where cities and towns levied taxes to fund local government operations. The industry has since evolved to include a wide range of financial and taxation activities, including budgeting, accounting, debt management, and revenue collection. In recent history, the industry has faced significant challenges, such as the 2008 financial crisis, which led to budget cuts and reduced revenue streams for many cities. However, the industry has also seen notable advancements, such as the adoption of new technologies to streamline financial operations and the implementation of innovative revenue-generating strategies.