While more state and local government funds are needed as the population continues to grow, it is not clear whether those needed funds can be raised at reasonable cost given:

Question

Quizplus · Accepted Answer

The current structure and rules surrounding the market for municipals can impact the ability of state and local governments to raise funds at a reasonable cost. This structure may limit the efficiency or increase the cost of borrowing, making it unclear whether the needed funds can be raised affordably.

While More State and Local Government Funds Are Needed as the Population