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LT SMP Costs & Funding Options <br />Traditional Funding Options for Street Maintenance Programs - <br />• The most traditional funding options for street maintenance <br />programs have typically included: <br />• Annual general levy budgeting <br />• Purchasing General Obligation (GO) bonds on a project -by - <br />project basis <br />• Annual Municipal State Aid (MSA) allotments (construction and <br />maintenance) distributed through MnDOT <br />• Special assessments per MN Statute Chapter 429. <br />Unfortunately, these options are becoming less and less effective <br />and favorable as a means of providing dedicated, renewable and <br />secure funding over the long term since local agencies are <br />receiving fewer dollars each year from state and federal agencies, <br />and since local levies continue to shrink. <br />City of I <br />RAMSEY <br />August 27, 2013 CC Workshop <br />