Rather than raising taxes currently to pay for infrastructure projects like bridge repairs,high-speed rail projects,or earthquake retrofitting for hospitals,it is common practice in California to pay for such projects through ______.

Question

Quizplus · Accepted Answer

General obligation bonds are commonly used in California to pay for infrastructure projects. These bonds are typically approved by voters and allow the government to borrow money that will be repaid with interest over time. This allows for the cost of the project to be spread out over several years rather than requiring a large lump sum payment upfront.

Rather Than Raising Taxes Currently to Pay for Infrastructure Projects