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Financing Mechanisms Available <br /> ❖ General Fund Tax Levy ❖ Special Assessments <br /> ■ Pros: ■ Pros: <br /> ❑ Levied against all classes of ❑ Levied directly against <br /> property; properties that benefit. <br /> ❑Tax deductible. ■ COns: <br /> ■ Cons: ❑ City policy requires a % <br /> ❑ Limited revenue assessment for overlays and <br /> diversification; reconstruct (avg $22,400), <br /> ❑ Increased tax rate; and 100% for new roads and <br /> pavement; <br /> ❑ Progressive; ❑ Interest rates high; <br /> ❑ Large impact on commercial ❑ City v. Property Owner, <br /> properties. difficulty establishing <br /> increase in property value. <br />