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tO <br />DRAFT <br />Why is Alternative Financing <br />Necessary? <br />Recycling and Waste Reduction <br />• Growth of recycling programs / increasing <br />expenditures over the last 12 years <br />• Fiscal 2002-03 recycling budget of $2,468,031 <br />• Minimal revenue from recycling programs <br />• Tipping fee revenue reductions due to significant <br />waste reduction success <br />• C&D recycling facilities / equipment investment <br />• Funding plan implementation to reach 61 % goal <br />• High citizen expectations for service and a high <br />community environmental ethic <br />4