Business, Legal & Accounting Glossary
n. the power of a local city or county to set up its own system of governing and local ordinances without receiving a charter from the state which comes with certain requirements and limitations. The concept has become popular with so-called libertarians, survivalists and others who would like to divorce local government from as much state regulation as possible. However, few cities and counties have chosen this route. For example, in California, there is one small county (Colusa) out of the 58 which has chosen “home rule.” This does not mean they will not take state funds for local improvements.
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This glossary post was last updated: 28th April, 2020 | 0 Views.