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22 June, 12:45

The City of Washington needs to upgrade its levies and its water drainage systems. The cost will exceed the amount of tax revenue the City expects to receive over the next 10 years. How will the City be able to raise the funds needed to finance this upgrade?

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  1. 22 June, 14:00
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    The correct answer is: issue municipal bonds.

    Explanation:

    A municipal bond is one that issues a mayoralty or any other kind of subnational government such as a county or city. Even the state that is part of a federal republic can use it.

    Municipal bonds were designed to finance public works.

    The authority that issued the bond must use the credit received according to the laws of their country. In some cases, the spending initiative is more restricted than in others. In addition, several filters are usually established to approve any large investment.
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