Discussion Post I: Capital Budgeting Projects
Capital projects are large undertakings (in both time and monetary resources) for government entities and require special analysis and consideration. Find an example of a capital project in your city, county, or state to share in this discussion forum. Explain the capital project and discuss the project you highlight in relation to at least two of the points raised in Chapter 6 of your text (and listed below):
i. the difficulty of specifying and measuring the benefits of government programs,
ii. difficulty of specifying all project costs, especially if positive or negative externalities are to be included,
iii. discounting future costs or benefits back to present dollars,
iv. dealing with the complexity of multiple objectives (how to weigh and compare objectives that are expressed in different terms), and/or
v. deciding which decision criteria to use
Discussion Post II: Managing Public Funds
Discuss in what sense the use of debt financing by the national government imposes a burden on future generations. How can the debt on future generations be offset?
Textbook: Mikesell, J. (2018). Fiscal administration: Analysis and applications for the public sector (10th ed.).
o Chapter 7: Capital Budgeting, Time Values of Money, and Cost-Benefit Analysis
o Chapter 15: Debt Administration.
The response should include a reference list. Double-space, using Times New Roman 12 pnt font, one-inch margins, and APA style of writing and citations.