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2024 when capital project reserves are exhausted. The rate of decline on the road and <br />bridge network will not be linear. Decline will be exponential. When you fail to <br />maintain your pickup engine — you wind up replacing it prematurely. PW assets are no <br />different. Failing to take action now will result in larger costs the longer rate payers wait. <br />FISCAL IMPACTS: <br />Deferred investment in PW assets necessitates a Road Fund levy increase of $0.15/$1,000 <br />of assessed value in the next several years. <br />ATTACHMENTS: <br />EXHIBIT 1: Ten-year TAMP (2022-2031) <br />EXHIBIT 2: Road Fund levy rates statewide <br />EXHIBIT 3: Current Bridge Load Ratings <br />Page 3 of 6 <br />Public Works "Work Session Staff Report", 2022 <br />