Cal Poly Pomona Rental Initiatives Bonds and Veterans Housing Loans Discussion Paper
Question Description
During the 2018 General Election, the California state ballot included four bond-related Propositions. Please read about these Propositions at: https://ballotpedia.org/November_6,_2018_ballot_me…
If any of these Propositions is passed by the voters, the projects will be typically included in state capital budgets or capital improvement plans (in CA, it is called “five-year infrastructure plan”).
Refer to class readings and answer the following questions:
Why do state governments utilize a separate capital budget?
Which propositions were passed? What are the pros and cons of using bonds to pay for the infrastructure outlined in these propositions?
Are there any alternative ways to finance the capital projects such as public housing, children’s hospitals, and other facilities? Explain.
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