Mayor Betsy Hodges and City Council leaders have agreed to a new long-term funding plan for neighborhood parks and the city’s streets.

The 20-year plan would dedicate $33 million in new funding each year for both needs, which would be paid for through a mix of revenue sources — including increases in the property tax levy, issuing debt and cash sources, according to a presentation by the city’s Chief Financial Officer Mark Ruff on Monday to the Council’s Ways & Means Committee.

The Council’s Committee of the Whole will have another public hearing on the plan Wednesday and is expected to vote on the proposal Friday.

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