The majority of the infrastructure projects in the first three years (FY2005 through FY2007) will be funded from the Sanitary Replacement Fund. This fund receives revenue from the Sanitary User Charge and from the $500 Million revenue bond sale. Revenue in the Sanitary Replacement Fund for Fiscal Years 2008 and 2009 are also based on a combination of revenue from the Sanitary User Charge and from future revenue bond sales.
The remaining projects will be funded with revenues from various Operation, Maintenance, Construction, and Improvement (OMCI) Funds, Construction Funds, Special Funds, or the Improvement Fund. The property taxes collected within the boundaries of the OMCI Taxing Districts must be spent for improvements within their specific areas of collections. The Construction Fund and Improvement Fund receive revenues from various connection fees.
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