Title
Approval of an Ordinance Imposing a Transportation Benefit District Sales and Use Tax of One-Tenth of One Percent (0.1%)
Recommended Action
Committee Recommendation:
The Finance Committee recommends approving an ordinance imposing a Transportation Benefit District (TBD) Sales and Use Tax of one-tenth of one percent (0.1%).
City Manager Recommendation:
Move to approve on second reading, an ordinance imposing a Transportation Benefit District (TBD) Sales and Use Tax of one-tenth of one percent (0.1%).
Report
Issue:
Whether to approve on second reading, an Ordinance imposing a Transportation Benefit District (TBD) Sales and Use Tax of one-tenth of one percent (0.1%).
Report
Issue:
Whether to approve of an ordinance imposing a Transportation Benefit District (TBD) Sales and Use Tax of one-tenth of one percent (0.1%).
Staff Contact:
Sophie Stimson, Transportation Director, Public Works Transportation, 360.753.8497
Presenter(s):
None - Consent Calendar item.
Background and Analysis:
There were no changes in the ordinance from first to second reading.
The community has asked for more funding for bicycle and pedestrian infrastructure. This year, the Finance Committee discussed more fully funding the Transportation Master Plan (TMP) which emphasizes bicycle and pedestrian improvements.
On November 6, Council agreed to pursue the use of the TBD sales tax for bicycle and pedestrian projects. A 0.1% sales tax, collected through our TBD, would generate approximately $3.1M annually. The new revenue would be available for funding capital projects starting with the 2025 Capital Facilities Plan (CFP). Of the six programs in the CFP Transportation Chapter, the programs that can be funded with these revenues are:
* Sidewalks and Pathways
* Bicycle Improvements
* Access and Safety Improvements
The funding would not be available for these three CFP programs:
* Street Repair and Reconstruction
* Major Street Reconstruction
* Intersection Improvements.
T...
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