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Page 6 of 10 Street PMP . The Street PMP program is the annual scheduled repairs, refurbishment, or 192 replacement of City streets in order to mainta in a Pavement Condition Index of 80 or greater, 193 which optimizes the life of the pavement. The Street PMP program is currently funded by 194 between $1 million and $2 million per year in St ate MSA (gas tax) funds, and about $300,000 to 195 $500,000 per year in interest earnings on the $13 million Street Replacement endowment fund. 196 Without changes to the funding, the program begins to spend down the endowment fund 197 significantly starting in about 2016, running the fund below a zero balance by about 2028. 198 199 Without the State making changes to the MSA f unding for the City, the City must supplement 200 the annual costs for Street PMP projects with pr operty taxes or property assessments, or other 201 funding. The Subcommittee recommends using a comb ination of funding s ources to address the 202 shortfall, as follows: 203  In 2015, repurpose for Street PMP the curr ent $160,000 ongoing annual levy that goes to 204 debt service on existing street bond #25 when that bond is retired. 205  In 2016, repurpose for Street PMP the curr ent $150,000 ongoing annual levy that goes to 206 debt service on existing street bond #23 when that bond is retired. 207  In 2017, add an additional $160,000 of ongoing property tax levy funding for the Steet 208 PMP 209  In 2018, add another $160,000 of ongoing propert y tax levy funding for the Street PMP 210  In 2019, add another $200,000 of ongoing propert y tax levy funding for the Street PMP, 211 totaling an additional $520,000 of ongoing property tax levy for Street PMP going 212 forward 213 214 Of the $830,000 total increase in annual ongoing fundi ng for Street PMP over that 5-year period, 215 about 63% comes from additional property tax levy funding and about 37% comes from 216 repurposing existing prop erty tax levy funds. 217 218 219 Park Facilities and PIP . Park Facilities are generally repa ired, refurbished, or replaced through 220 Park Facilities capital funding and the PIP (Park Improvement Program). Currently (as of the 221 2012/13 biennial budget plan), $0 each year goes toward Park Facilities and $40,000 per year 222 goes toward the PIP. As noted above, the Park Renewal Plan addresses a backlog of near-term 223 Park Facilities Costs. However, without additio nal funding, the next 20 y ears of Park Facility 224 capital needs will be unfunded by about $9.4 million. 225 226 The Subcommittee recommends using a combination of funding sources to address the shortfall, 227 as follows: 228  In 2016, add an additional $160,000 of ongoi ng property tax levy funding for Park 229 Facilities and PIP capital needs. 230  In 2020, repurpose about $650,000 of the $825,000 to tal ongoing annual levy that goes to 231 debt service on existing city hall and public works facili ty bond #27 when that bond is 232 retired. (This leaves $175,000 of that ongoing de bt service levy to ei ther apply to levy 233 reduction or other needs that may become apparent by 2020.) 234 235