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Financing Mechanisms continued . . . <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; <br /> reimbursable, regardless if ❑ Flat fee, regressive; <br /> special assessment revenue ❑ Easy to implement. <br /> is also realized. <br /> ■ Cons: <br /> ■ Cons: <br /> LI Viewed as "another tax"; <br /> LI Funds are necessary for <br /> ❑ <br /> improvements to state aid Coordination with providers; <br /> designated streets; LI Regressive. <br /> ❑ Only 20% of streets eligible. ❑ Raises utility costs. <br />