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Financing <br /> Mechanisms A <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 /> ❑ Progressive; ■ Cons: <br /> ❑Tax deductible. <br /> ❑ City policy requires a o <br /> ■ Cons: assessment for overlays and <br /> ❑ Limited revenue reconstruct (avg $22,400), <br /> diversification; and 100% for new roads and <br /> Ll tax rate; pavement; <br /> ❑ Interest rates high; <br /> Ll Progressive; LJ City v. Property Owner, <br /> Ll impact on commercial difficulty establishing <br /> properties. increase in property value. <br />