Instructions Students are to utilize the same local or state government from short papers #1 and #2 to research a public finance dilemma in their chosen local or state government. Students should prepare an 8-10 page public finance recommendation addressed to the head of that government (i.e., mayor, commission chair, or governor) with the following components: Executive Summary Background: Organizational Structure, Economic Conditions/Outlook, and Fiscal Policies, major revenue sources and major expenditures. Problem Statement: Identification of high cost/major expenditure Analysis of Expenditure: What are expenditures? What programs are covered under this expenditure? What is public good and choice? How does this expenditure reflect both? How does political equilibrium affect public finance? What is the political equilibrium of your chosen expenditure? What is cost-benefit analysis? What are the findings of a cost-benefit of your expenditure’s programs? What are different revenue strategies? What taxation strategies are used to fund your expenditure’s programs? Recommendations: Is the current funding level appropriate for this public good? What changes should be made to the revenue streams and expenditure level? How will these changes impact the local or state government’s service to constituents? Must be in APA format 8-10 pages see attachment to build on. .