What is the term for money raised to provide services for the common good of the community or country?

The term that refers to money raised to provide services for the common good of the community or country is taxation. Taxation is a systematic method by which governments collect funds from individuals and businesses, enabling them to finance public goods and services such as education, healthcare, infrastructure, and social welfare programs. This system is generally mandatory and is a means for the government to redistribute wealth and manage economic stability.

While funding can also refer to money allocated for various projects, it is a broader term that could include various sources of finance, not limited to government revenue. Revenue similarly denotes the total income generated from various sources, like sales or investments, and is not specifically tied to government services. Donations imply voluntary contributions, typically for specific causes or charities, rather than the mandatory nature of taxation for public services. Thus, taxation is the most accurate term here as it highlights the compulsory aspect of funding that supports the common good.