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Council reviews transportation user fee idea to fund major street rebuilds
Summary
Staff discussed creating a transportation user fee on utility bills to fund large street reconstruction projects, options to use debt service for an aggressive rebuild program, and which street-related costs the fee could cover.
City staff presented a concept for a transportation user fee to create a segregated revenue source for street repair and larger reconstruction projects. The staff member described two implementation approaches: use the fee to pay debt service for a debt issue that would fund aggressive, multi-year reconstruction, or apply fee revenue to smaller projects year by year. “I think we would always want to reserve a certain amount of…
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