Question: Which would be considered a negative trend for a governmental unit? Property taxes greater than 6 5 percent of the tax limit . Short -

Which would be considered a negative trend for a governmental unit?
Property taxes greater than 65 percent of the tax limit.
Short-term interest and current year-end service greater than 15 percent of total revenue.
Debt outstanding greater than 90 percent of the debt limit.
Unreserved fund balance percentages increasing over time.
None of the above is a negative trend.

Step by Step Solution

There are 3 Steps involved in it

1 Expert Approved Answer
Step: 1 Unlock blur-text-image
Question Has Been Solved by an Expert!

Get step-by-step solutions from verified subject matter experts

Step: 2 Unlock
Step: 3 Unlock

Students Have Also Explored These Related Accounting Questions!