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Financing Mechanisms c <br /> **** Municipal State Aid **** Franchise Fees <br /> ■ Pros: Pros: <br /> ❑ Constitutionally dedicated; ❑ Fee to utility providers for <br /> ❑ 100% of costs for state aid use of public right of way; <br /> designated streets is ❑ Diversification of revenue; eq <br /> reimbursable, regardless if ❑ Flat fee, not progressive; <br /> special assessment revenue ❑ Relatively easy to <br /> is also realized. implement. <br /> ■ Cons: Cons: <br /> ❑ Funds are necessary for ❑ Viewed as "another tax"; <br /> improvements to state aid <br /> designated streets; ❑ Coordination with providers; <br /> LJOnly 20% of streets eligible. LJ Raises utility costs. <br />