Question

When cities ask voters to approve bonds and residents have to vote on propositions that increase property taxes to improve streets and buildings such as police/fire stations, park buidlings and facilities... What would be five groups/organizations that are goiong to be affected by this(citizens, regulatory agencies,etc.)? What would be two pros and cons to this type of approval?

Answer 1

When cities ask voters to approve bonds and residents have to vote on propositions that increase property taxes to improve streets and buildings such as police/fire stations, park buidlings and facilities... Then the five groups/organizations that are going to be affected by this are

1. Citizens

2. Regulatory agencies

3. Government

4. Bond stakeholders

5. Other type of groups / organisations who are directly or indirectly involves in this case.

Pros:

1. Liquidity of funds

2. In these type of cases there will be proper rules and regulations implementations are there , so that it is a great advantage

Cons :

In the advantages second point is advantage as well disadvantage that's why

1. Rules and regulations

2. Burden on citizens