Share to Facebook Share to Twitter Bookmark and Share
File #: 19-0431    Version: 1
Type: discussion Status: Filed
File created: 4/30/2019 In control: Finance Committee
Agenda date: 5/15/2019 Final action: 5/15/2019
Title: Briefing on Commercial Parking Tax Options and Impacts
Attachments: 1. Comparative Commercial Parking Tax Table, 2. Link to RCW 82.80.030

Title

Briefing on Commercial Parking Tax Options and Impacts

 

Recommended Action

Committee Recommendation:

Not referred to a committee

 

City Manager Recommendation:

Receive a briefing on the options and impacts of commercial parking taxes. Briefing only. No action requested.

 

Report

Issue:

Whether to receive a briefing on and discuss Commercial Parking Taxes.

 

Staff Contact:

Max DeJarnatt, Parking Program Analyst, Community Planning & Development, 360.570.3723

 

Presenter(s):

Max DeJarnatt, Parking Program Analyst

 

Background and Analysis:

The Commercial Parking Tax (CPT) allows cities to impose a tax for the act of parking a vehicle in a parking facility operated by a commercial parking business which charges fees for non-reserved parking stalls. The goals of the CPT are (1) to discourage drive-alone commuting and (2) to generate revenue for transportation purposes. Staff will present scenarios estimating potential annual revenue generated by a CPT in Olympia using other Washington cities’ tax structures, constraints on how revenue may be allocated, and potential impacts.

 

Neighborhood/Community Interests:

Department of Enterprise Services noted that this tax will impact union contract negotiations.

 

Options:

Information only.

 

Financial Impact:

Using existing CPT tax structures of ten Washington Cities, staff estimates potential revenue for the City of Olympia spanning between $186,615 and $1,049,915 annually. See attached table for comparison of Washington Cities CPT rates.

 

Attachments:

Comparative Commercial Parking Tax Table

Link to RCW