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16 <br /> a. General revenues. Growth in Orange County is likely <br /> to produce demands for substantial annual capital <br /> funding for many years. A "pay-as-you-go" program <br /> from general revenues is a good way to fund costs that <br /> recur at a fairly consistent level each year. A <br /> commitment by Orange County, developed through the <br /> capital improvement programming process, to dedicate <br /> annual revenues to park development would provide <br /> equitable, reliable funding for the long-term capital <br /> program. Countywide taxing jurisdiction makes <br /> Orange County a logical funding agent for new parks <br /> and facilities, particularly those that serve areas larger <br /> than neighborhoods. Annual revenues are a good <br /> source of funds for an ongoing site acquisition <br /> program. <br /> b. Bond funding. Bonds can provide substantial funding <br /> over a short time period(three years more or less) to <br /> meet existing deficiencies that have accumulated. <br /> They are useful in funding high costs of park <br /> development or a major acquisition initiative. Orange <br /> County is the logical jurisdiction to hold a bond <br /> referendum, issue the bonds, and manage the use of the <br /> funds for the entire county. <br /> C. Development exactions and fees. Each jurisdiction <br /> requires open space dedication or fees-in-lieu of <br /> dedication. To the extent that these contributions from <br /> new development are intended to serve community- <br /> wide needs,the park planning and progr amming <br /> process should direct them. <br /> d. Service district tax. If a portion of a governmental <br /> jurisdiction requires a higher level of service than the <br /> entire jurisdiction, an additional property tax can be <br /> levied on properties in the special district. Sub-areas <br /> with special needs have not been identified in Orange <br /> County. If it could be determined that service needs <br /> differ substantially in different parts of the county, a <br /> special tax could be applicable. This may be difficult <br /> to demonstrate. <br /> e. Designation of funds. There is an opinion that parks <br /> and recreation has been substantially under funded and <br /> that an arrangement to set aside a portion of local <br /> revenues is ' needed to correct this deficiency. <br /> Advocates sometimes seek funding gimmicks that <br />