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Transportation Benefit District

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  1. Transportation Benefit District City of Edmonds November 18, 2008

  2. Transportation Benefit District City of Edmonds 2009 – 2010 Budget Current and Future Transfers from the General Fund to the Street Operations Fund 2008 - $472,550 2009 - $700,000 2010 - $770,000

  3. Transportation Benefit District Engrossed Senate House Bill 1858 Quasi-municipal corporation & independent taxing district created for the sole purpose of funding transportation improvements within a Transportation Benefit District. A TBD Board has several revenue options, some of which are subject to voter approval. Created by ordinance of legislative authority Members of the legislative authority proposing to establish the TBD serve as governing body of the TBD In an ex-officio and independent capacity.

  4. Transportation Benefit District Formation of a TBD Publish notice of a public hearing A notice was published on October, 26, 2008. Hold a public hearing A first reading of an ordinance enacting a TBD took place on November 3, 2008. Public hearing is on November 18, 2008. Adopt an ordinance creating a TBD which must include: A finding that the creation of a TBD must be in the public’s interest (pages 3 and 4 of the draft Ordinance). The boundaries of the TBD (page 3 of the draft Ordinance). The functions and powers of the TBD (page 5 of the draft Ordinance). Description of the transportation improvements proposed by the district (pages 5 and 6 of the draft Ordinance). NOTE: The creation of the fees should be by separate ordinance after the TBD Board has been created and seated.

  5. Transportation Benefit District TBD Revenue Options Subject to Voter Approval 1. Property taxes – a 1-year excess levy or an excess levy for capital purposes 2. Up to 0.2% sales and use tax 3. Annual vehicle fee above $20 and up to $100 per vehicle registered within the district 4. Vehicle tolls TBD Revenue Options Not Subject to Voter Approval 1. Annual vehicle fee up to $20 per vehicle registered within the district. This fee is collected at the time of vehicle license renewal 2. Transportation impact fees on commercial and industrial buildings. Residential buildings are excluded.

  6. Transportation Benefit District TBD Revenue Methodologies Number of households and average vehicles owned Number of households within the City of Edmonds (18,046) x an average of 2 cars per household x $20 vehicle license fee. Year 2009 = $360,740. Year 2010 = $721,840 2. Association of Washington Cities Ratio of people to total vehicles owned countywide (609,178 / 696,600 = .875) x city population (40,760) x $20 vehicle license fee. Year 2009 = $356,650 Year 2010 = $713,300

  7. Transportation Benefit District Benefits of a Transportation Benefit District Clear nexus between a user group (drivers and vehicles) and use of the roadway network. Revenues from a $20 vehicle license fee significantly reduce the annual General Fund subsidy of street maintenance and operation expenditures. Funds from a City-wide TBD will be dedicated to maintain, preserve and/or construct City of Edmonds transportation infrastructure (no funding for capital projects) Assists in maintaining current level of service for transportation infrastructure maintenance and preservation. $20 Vehicle License Fee is a Flat rate and will not increase unless approved by voters. Requires annual reporting, thus providing accountability. Vehicle license fee program is administered by the Washington State Department of Licensing.