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7.3. SR 11-02-2020
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7.3. SR 11-02-2020
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10/30/2020 12:26:06 PM
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11/2/2020
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Funding Sources <br />A variety of funding sources will be utilized to fund the projects and expenditures. It is <br />estimated that 23% of the CIP will be financed with debt. General obligation bonds will <br />be issued to fund the facility projects and fire apparatus equipment. <br />The street funds will finance 23% of the street improvement projects along with <br />intergovernmental revenues from the state and federal grants which will add 22% of <br />funding sources. <br />A variety of capital project funds contain money that has been set aside for capital <br />expenditures for facility improvements and the purchase of public works equipment, <br />squad cars, and technology equipment. <br />Summary of CIP Funding Sources <br />8
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