Nowadays, China’s development of economy and society, especially the fiscal capacity, varies from place to place, and its public service level is uneven in different parts of the country. To solve this problem, China is pushing forward the equalization of basic public services in order to realize the basic rights of taxpayers. At the same time, in our country’s fiscal practice, there exists the malady of “Chaos right after deregulation, stronger regulation right after chaos, and deadlock right after stronger regulation”, which has long obsessed our country and the possibility of acts of the local governments’ own free thoughts. The settlement of these problems relies on the effective regulation of the central government, whose implementation depends on the good design of the regulating mechanism and reasonable allocation of stipulations. Of course, in the backdrop of public finance, the design of the regulating mechanism should build on the concept of “taxpayer focus” and follow the principle of entirety, timeliness and moderation. After that, the specific design of the regulating mechanism should be categorized into the mechanism of guidance, restraint, discovery, correction, relief and responsibility. On this basis, we should match the means of regulation and the subjects, create the optimal combination of the means of regulation and realize a effective engagement of the regulating mechanism to form the constitutional resultant. What’s more, we should also make full use of technological means to achieve information integration so that the central government will preferably access information.