What type of bond is issued by a government to raise money for projects using future tax revenues?

The right choice refers to bonds issued by governments to fund projects that will be repaid through future tax revenues. A general obligation bond is a type of municipal bond that is backed by the full faith and credit of the issuing authority, typically a state or local government. These bonds are secured by the government's ability to levy taxes to pay back bondholders, often using property taxes or other revenue sources.

General obligation bonds are commonly used to finance public projects such as schools, roads, and parks, as they provide a reliable way to fund needed infrastructure. The backing by tax revenues makes these bonds considered low-risk investments, as the government is legally obligated to make interest and principal payments.

While other options listed also involve forms of government funding, they do not focus specifically on future tax revenues in the same way. For example, a revenue bond is backed by the revenue generated from a specific project, while tax increment financing refers to a method of financing public projects through the expected increase in tax revenues from the improved property values as a result of the project. Hence, the choice identified correctly reflects the mechanism through which government can raise money based on future tax revenues.