Local government policy memo

City pipes are too old and have begun leaking harmful chemicals into the water supply. It will cost $30,000 to replace. • Analysis of Expenditure: o What are expenditures? What programs are covered under this expenditure? o What is public good and choice? How does this expenditure reflect both? o How does political equilibrium affect public finance? What is the political equilibrium of your chosen expenditure? o What is cost-benefit analysis? What are the findings of a cost-benefit of your expenditure’s programs? o What are different revenue strategies? What taxation strategies are used to fund your expenditure’s programs? • Recommendations: o Is the current funding level for the city of Union City, GA appropriate for this public good? o What changes should be made to the revenue streams and expenditure level of the city? o How will these changes impact the cities service to constituents?