How Do Local Governments Typically Finance Large Construction Projects,such as Retrofitting

question 43

Multiple Choice

How do local governments typically finance large construction projects,such as retrofitting hospitals to be safe in earthquakes,fixing aging community facilities,or expanding schools?

• A)by getting jumbo loans from a bank
• B)by selling bonds that must be paid back with interest
• C)by raising taxes to pay for each project
• D)by contracting with developers and then charging fees to users of the facilities

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