Such capital budget shall indicate debt service charges of previous projects, proposed down payments and other
expenditures for new projects, and the recommended sources of all proposed capital financing including, but not limited to, capital reserve fund, sinking funds,
current revenues, temporary borrowing, bond sales,
federal and state grants, loans or advances.
If
current federal spending on childcare and early childhood programs, amounting to about $ 26 billion a year, were shifted to the new subsidy, an offset of $ 16 billion would be required from tax
expenditures on the charitable deduction to make up the difference.