States, cities, school boards, and other governmental organizations routinely issue ________ as a way to raise funds for a project now that can be paid off gradually over time.

Question

Quizplus · Accepted Answer

Bonds are typically issued by governmental organizations as a means of financing a project upfront, with the promise of paying off the borrowed amount plus interest over time, usually through taxes or other revenue sources. This allows the organization to raise necessary funds without impacting the current budget or causing a sudden increase in taxes or fees. The other options (initiatives, drafts, bills, referendums) do not typically involve borrowing money for financing purposes.

States, Cities, School Boards, and Other Governmental Organizations Routinely Issue