Externalities and Local Government Policy Reading though the budget and budget preparation documents of your local government jurisdiction,

Annual Budget: Externalities and Local Government Policy Reading though the budget and budget preparation documents of your local government jurisdiction, you will find evidence of many positive and negative externalities. For example, education spending generates a positive externality because a city or county with a well-educated workforce can attract and retain industries that offer good-paying jobs. Similarly, park and recreation spending generates a positive externality because people want to live in places with attractive amenities. However, negative externalities are also present. A community that hosts a nuclear waste facility may benefit by the creation of jobs and increased economic activity, but they come at the cost of potential contamination. From the Annual Budget of your local jurisdiction, respond to the following in a 2-page paper: Identify 2–3 externalities, as defined by Hyman (2014), that are generated by the policies and actions adopted by this jurisdiction through the Annual Budget