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City of <br />RAMSEY <br />Pavement Management Funding Methods: Weighing the Pros & Cons <br />pavement management funding allows for long-term cost-savings. Ramsey maintains 178 miles of paved roads and <br />levy/25 percent assessment plan. If the City maintains its course, it will need to bond more than $3 million annually <br />- <br />back on this issue. To learn more, please visit our website at: cityoframsey.com/669. <br />100 Percent Tax Levy <br /> A 100 percent tax levy has lower administrative project costs, provides a stable revenue stream, can be adjust- <br />ed to meet a city’s needs and reduces or eliminates the need for assessments. <br /> A 100 percent tax levy could prohibit growth and development and could make the City’s tax rate uncom- <br />petitive with other cities. In other words, living or doing business in Ramsey would be costly compared to other <br />cities and prospects may move on, or move out of Ramsey. <br />75 Percent Tax Levy, 25 Percent Assessments <br /> Property owners may dislike or dipute assessments for a City street. With this method, there is an increase <br />- <br />negatively impacting the City’s overall transportation system. <br />Franchise Fee <br /> More and more cities around the Metro are turning to franchise fees as a stable funding source for road <br />maintenance. A franchise fee is a small, monthly fee as opposed to a tax levy or assessments. Typically, there is <br />- <br />nue stream. <br />properties with gas or electric meters pay into this program regardless of which type of road they are on. <br />Ramsey Resident • May/June 2019 9 <br />