Question

A downtown shopping district desires additional police patrols and agrees to pay for the service through a special assessment property tax. Which fund should be used to account for the special assessment tax proceeds? A. Capital projects B. Revenue C. Agency D. Debt service E. General

Answer 1

A. Capital projects

Step-by-step explanation:

• As the special assessment tax proceeds are a long term capital intensive investments with the purpose of build on the capital to increase the assets and is defined as the large scale costs that are relative to other investments of planning of certain projects and real estate business that involves a specific geographic area. Examples of sewage waters, drinking lines, and the street lighting, etc.