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(TCO E) The City of Champions has a referendum that will go before voters to build the best football stadium in the world. The ballot

(TCO E) The City of Champions has a referendum that will go before voters to build the best football stadium in the world. The ballot calls for the voters to approve or disapprove a 6% sales tax increase to construct the new stadium. The stadium is estimated to cost $800,000,000. However, the sales tax increase will generate more than $1.1 billion dollars. The disposition of the excess funds is unclear. What standards of equitability apply in this case? (10 points) Describe each standard and explain why it applies and whether the standard has been violated. (20 points)

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