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?

Respuesta :

Local governments typically finance large construction projects, such as retrofitting hospitals to be safe in earthquakes, fixing aging community facilities, or expanding schools by selling bonds that must be paid back with interest.

A number of essential services for residents and companies in certain areas are handled by the local government. There are well-known ones like social assistance, education, housing, planning, and garbage collection among them, as well as less well-known ones like pest treatment, business support, licensing, and registrar services.

In order to expand on their official community plan, their role in guiding community growth, and their authority over land use, local governments might start a community's economic planning initiatives.

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