Which of the following best contrasts general obligation bonds and revenue bonds used to fund the different levels of
government in Texas? (1 point)
General obligation bonds use taxes to pay back debts, while revenue bonds use revenue from public works.
General obligation bonds are only charged at the local level, while revenue bonds are charged at the state and local levels.
General obligation bonds charge a percentage of a good’s value, while revenue bonds charges a percentage of a property’s value.
General obligation bonds are intended to pay back losses by providing a service, while revenue bonds are meant to raise revenue.