What is typically analyzed in a feasibility study for municipal projects?

A feasibility study for municipal projects focuses on evaluating the potential for successful implementation of a proposed project. This includes assessing various factors that contribute to the project’s viability, such as potential sources of funding, estimated costs, expected benefits, community impact, and regulatory requirements. By analyzing these aspects, stakeholders can make informed decisions about whether to pursue the project, modify its scope, or abandon it altogether.

While historical financial data of the municipality, assessments of municipal employee salaries, and past performance of completed projects may provide useful information in different contexts, they do not specifically address the core elements of project feasibility. Historical financial data might show trends, but it does not evaluate the specific project in question. Employee salary assessments are relevant for operational budgeting but are not directly tied to project feasibility. Lastly, analyzing the past performance of completed projects could offer insights into effectiveness or operational capacity, but again, it does not provide a direct assessment of the new project's viability or funding potential. Thus, the focus on potential sources of funding and project viability makes the second choice the correct answer in the context of a feasibility study.