You are a town council member in the seaside town of Pleasantville. Poor economic conditions and unusually
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The town will continue to make debt payments related to the garage construction. You perform some research and find that two larger cities in a neighboring state entered into a similar arrangement to mixed reviews. While city officials were praised for balancing their budgets and spending additional funds on local government programs, drivers complained about higher rates and frequent meter and parking garage malfunctions.
Required
a. What questions do you have about the proposal?
b. Evaluate the proposal on a long-term and short-term basis.
c. How do you think the agreement would affect the city’s bond rating?
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Related Book For
Accounting for Governmental and Nonprofit Entities
ISBN: 978-0078110931
16th Edition
Authors: Earl R. Wilson, Jacqueline L Reck, Susan C Kattelus
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