Unit #8 Project Part III Using the selected government budget from Parts I and II in the previous units, expand upon your previous work by discussing the prompts listed below. Discuss the privatizati

Evaluation of the past Three Years' allocation of Private and Public Goods for Detroit

Brandon Green

Columbia Southern University

Professor Shelley Taylor

Evaluation of the past Three Years' allocation of Private and Public Goods for Detroit

Local government goods and services

Residents of Detroit may expect to see increased investment in public goods and services from the city's government. New light rail systems, water treatment plants, and a downtown arena have all been built in the last three years, thanks to city investments. Detroit has also implemented new programs to help low-income citizens pay their electricity bills and a new initiative to help the homeless find housing. People living in the city are essential to the local government's mission. The city has invested in public goods and services to accomplish this goal. For example, the city's new light rail system will make getting around the city easier for inhabitants. The city's water quality will improve due to the construction of a new water treatment facility (Hanisah, 2021). In addition, the new downtown arena will serve as a venue for a wide range of cultural and sporting activities.

Investments in social services are also being made to enhance inhabitants' lives. Those struggling to pay their utility bills may find it easier now that a new program can assist them. As a result of this new initiative, homeless people will have a place to call home and an opportunity to rebuild their lives. For the benefit of its citizens, the city invests in public goods and services. Many substantial investments have been made so far, and they've made a difference.

Internal and external challenges for providing goods and services

Residents of Detroit have tremendous difficulties accessing city services. The city has a high level of blight due to a vast number of vacant and abandoned properties. As a result, there is a need for extra social services because the city has many citizens who need help. Unemployment is also high in the town, necessitating further job training and placement assistance.

The local government has allocated resources to various agencies and programs to address these issues. Although the city has had to deal with substantial budget constraints in recent years, it has been unable to devote as much money to these initiatives as it would want. As a result of the city's struggles to collect income, it has been forced to reduce the resources it can devote to these programs. Since then, the city has worked with the state, the commercial sector, and philanthropic organizations to find solutions to these problems. Despite this, the city has encountered significant difficulties in gaining further funding from these organizations (Murdita et al., 2020). Financial management techniques are also being improved in the town. There have been difficulties in the city's implementation of the reforms. It has also been difficult for the city to ensure the long-term sustainability of changes.

Budget Stabilization Measures

To keep the city's finances stable, the administration of Detroit has been allocating more private and public goods over the last three years. So that the city can continue to provide current services and infrastructure while making room for future initiatives and projects. To sustain the city's budget, the city relies heavily on increased tax collection. Several taxes, such as property taxes, sales taxes, and gas taxes, have increased in Detroit. This has contributed to the city's ability to raise additional funds for city services and projects. The town has kept its budget in check by slashing spending on some products. The city cuts to travel, overtime, and training costs (St. Clair, 2013). There is now more money available to spend elsewhere in the city because of this.

Additionally, the city has been able to manage its budget by raising fees for a variety of municipal services. The city has increased construction permits, parking, and rubbish collection prices. This has contributed to the city's ability to raise additional funds for city services and projects. Over the last three years, the city of Detroit has maintained a stable budget by increasing revenue and decreasing spending. As a result, the town has retained its current infrastructure and services while launching new ones.

Recommendations

Investment in private products should continue, but public goods should also be increased. This strategy allows the government to promote economic growth and job creation while delivering critical public services.

References

Hanisah, A. (2021). Fraud Prevention of Government Procurement of Goods and Services in Local Government. Jurnal Akuntansi, 25(2), 256. https://doi.org/10.24912/ja.v25i2.809

Murdita, I., Duarsa, D., & Sanjaya, I. (2020). Internal and external factors of providing quality traditional health services in public health centers in Tabanan District, Bali, Indonesia. Public Health And Preventive Medicine Archive, 8(2), 140. https://doi.org/10.15562/phpma.v8i2.309

St. Clair, T. (2013). The impact of budget stabilization funds on state pension contributions. Public Budgeting & Finance, 33(3), 55-74.