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Financing Government Operations - Research Paper Example

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As of the year 2010, the census reports indicated that the city had a population of 242, 803. In the year 2013, the population of the city rose to 246, 392 people. This made it to be the second most…
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Financing Government Operations

Download file to see previous pages... It is amongst the seven counties, and the nine cities which form part and parcel of the Hampton Roads metro area. Norfolk Virginia is bordered on the Northern side by the Chesapeake Bay and on the Western side by the Elizabeth River. On its Sothern side, Virginia Beach shares its borders with the cities of Chesapeake, and on its Eastern side, it borders the Virginia Beach. Norfolk Virginia is regarded as the cultural, financial, and urban center of the Hampton Roads (Rose, 2000).
The city of Norfolk Virginia has a long historical background as an important strategic transportation and military point. It hosts the largest naval military base in the world, that is, the Naval Station Norfolk. It also hosts two important strategic command headquarters of NATO. It is also a transportation hub, and this is mainly because it has the headquarters of Norfolk Southern Railway. This is a company that operates one of the North’s America Class I railroads (Rose, 2000). This city is also the headquarters of Maersk Line Limited. This is a company that manages the largest fleet of the flag vessels of United States. As a city that is bordered by a variety of water bodies, Norfolk has a number of many miles of bayfront property, and riverfront. This situation makes it very attractive for tourism. Some of the world’s attractive tourism destinations are found in the regions that are surrounded by water bodies, and this includes countries such as Egypt, Venice, etc (Rose, 2000).
Therefore, one of the public policies that the government of North Virginia can seek to develop and implement is on the methods of improving tourism in the country. This paper seeks to analyze the various sources of revenue for the government, and how it can fund tourism projects in the city of Norfolk Virginia (Rose, 2000). Furthermore, this paper seeks to describe the restrictions that are placed on those sources of revenue, and how public policy decisions normally affect the receipt of those ...Download file to see next pagesRead More
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