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Appendix H <br />FUNDING ALTERNATIVES FOR <br />TRANSPORTATION SYSTEM NEEDS <br />Here we use the term to describe any mechanism that generates revenue for government <br />funding <br />services or facilities. We use to refer to ways to spread out the impact of collecting funds <br />financing <br />through the issuance of debt obligations, such as revenue bonds or interfund loans, that are repaid over <br />time with interest. <br />Current Funding Sources <br />Special Assessments <br />Local Improvement Districts <br />System Development Charges (SDCs) <br />Lane County Road Fund <br />State Highway Trust Fund (SHWTF) <br />Federal Surface Transportation Program (STP) <br />General Fund <br />Some Alternative/Additional Funding Sources <br />Assessments: <br /> - Existing use could be <br />Broadened Assessment Practices/Local Improvement Districts <br />expanded to fund preservation and ongoing operations & maintenance activities. Funded <br />activities must directly benefit the property of those paying. <br /> - Scope of existing SDC methodology can be <br />Broadened System Development Charges <br />expanded to include impacts of new development on arterials and collectors, local match to state <br />facilities, and to cover larger share of street projects. Revenues may only be used for capacity <br />improvements and not for operation & maintenance or preservation activities of the existing <br />system. SDCs are based on estimated impact on the system by the new development. <br />Property Taxes: <br /> - A financing mechanism guaranteed with full faith & <br />General Obligation Bond (GO Bonds) <br />credit of issuing jurisdiction and repaid with property taxes. Potential funding for capital <br />construction or capital improvement projects including street and highway construction, overlay <br />and reconstruction projects. May not be used for operations or maintenance and repairs. GO bond <br />levies fall outside Measure 5 rate cap. Must be passed by a double majority at a non-general <br />election or by a simple majority at a general election. <br /> - This could be a capital levy, funding preservation or major <br />Local Option Property Tax Levy <br />capital projects for the life of the project (up to ten years) or a five-year operations levy to fund <br />H1 <br />