TO: Committee of the Whole - Finance, Administration, and Communications
FROM: Mayor Angela Birney
DEPARTMENT DIRECTOR CONTACT(S):
Finance
Kelley Cochran, Interim Finance Director
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DEPARTMENT STAFF:
Public Works
Aaron Bert
Public Works Director
Executive
Malisa Files
Chief Operating Officer
TITLE:
title
Ordinance: Imposing 0.1% Sales Tax for Transportation Benefit District (TBD)
OVERVIEW STATEMENT:
recommendation
Over the past months, Council has established a Redmond Transportation Benefit District (TBD) and assumed governance of the District. The next step for the TBD is to pass an ordinance (Attachment A) imposing a 0.1% Sales Tax to fund transportation improvements.
body
? Additional Background Information/Description of Proposal Attached
REQUESTED ACTION:
? Receive Information ? Provide Direction ? Approve
REQUEST RATIONALE:
* Relevant Plans/Policies:
2023-2024 Adopted Budget
* Required:
Transportation Benefit Districts are governed under RCW 36.73 allowing the City to establish a TBD and for the levying of additional revenue sources. RCW 35.21.225 authorizes the establishment of a TBD subject to the provisions in RCW 36.73.
* Council Request:
The TBD was approved as a new revenue source in the 2023-2024 Adopted Budget.
* Other Key Facts:
Approving an ordinance imposing the 0.1% sales tax is the next step in fully establishing the TBD.
OUTCOMES:
Per the timeline shared with Council at the April 11, 2023, Finance, Administration and Communications Committee of the Whole, the next step in establishing the TBD is to approve an ordinance establishing the 0.1% sales tax to fund transportation improvements.
The Revised Code of Washington (RCW) Chapter 36.73.065 and 82.14.055 allows the City Council to impose a vehicle excise tax or a sales tax for the purpose of financing the costs associated with transportation improvements in the District. The sales tax increase will go towards projects allowed by state law including, impr...
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