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Home My WebLink About2014 Proposed Budget Transportation Benefit District HHIJ . 2014 Amended Budget and Work Plan ;k .a7� ;�7 .s.�.xAAF r �..}�� Table of Contents Overview 1 Frequently Asked Questions 2 Budget Numbers 3 Project Categories 4 r 2014 '!Amended Budget and Work Plan Bremerton Transportation Benefit District 2014 Amended Budget For the year beginning January 1,2014 and ending December 31,2014 Board Members Mike Sullivan, District 1 Leslie Daugs, District 2 ;Jerry McDonald, District 3 Greg Wheeler, District 4 Dino Davis, District 5 Roy Runyon, District 6 Eric Younger, District 7 • • *44d � _ "'14'4"'I ,re `nrrt {'F. �"�' £4 y�r d'k.�r @ ` �}N.�t'' n`�%''PG, '°�1t4�"`"k` z'd • Overview In 1987, the state legislature created TBDs A TBD can impose various types of taxes and (transportation benefit districts) as an option fees in order to receive revenues to fund the for local governments to fund transportation identified projects to be performed by the TBD. improvements. During the ensuing years, the These fees may include a voter approved Legislature has adopted various updates to this excess property tax, a voter approved sales tax statute to help clarify the role of a TBD and to increase of up to 0.2%, a voter approved car clarify the allowable uses of any revenues tab fee of up to$100, and/or vehicle tolls. assessed by the TBD. Additional options for revenue include a TBD board approved vehicle tab fee of up to $20 (no A TBD is a quasi-municipal corporation°and vote required) and/or a transportation impact independent taxing district created for the sole fee on commercial and industrial buildings (no purpose of acquiring, constructing, improving, vote required). providing, and funding transportation improve- ments within the district. Bremerton's City Bremerton's TBD board voted to approve a Council created our TBD by ordinance number $20 vehicle tab fee on December 7, 2011. 5076 on February 9, 2009. This ordinance Based on the processes involved with the created a charter for the TBD and defined the initial set up for assessing this fee, the fee boundaries of the TBD to coincide with;,the did not go into effect for six months after City's boundaries. adoption. The $20 fee is assessed when a The current members of our City Council are citizen that lives within the district renews the governing body of the TBD. Although the his or her car tabs. Therefore, the fees makeup of the TBD board and City Council began to be assessed mid-year 2012. Also, are the same, the TBD and its board are because the states Department of independent of the City. As such, the TBD Licensing collects the fee for the TBD at time must adopt a budget that is also independent of renewal, there is an additional lag of two of the City's budget. months between when the fee is paid and when the fee is remitted to the transportation district. Thus, Bremerton's TBD did not see its first receipts until end of July 2012, nor incur its first expenditures until 2013. Portions of the above information were obtained from the Association of Washington Cities 1 • Frequently Asked Questions I have a Bremerton address but I don't Can the City of Bremerton use this money live within Bremerton City limits. Am I to help with revenue shortfalls in its subject to this fee? General Fund or other funds? And how can I be sure this won't happen? No. The fee only applies to those residents who live within City limits. No. State statute limits how this money may be used. The money collected from this fee may only be used for acquiring, Can I pay my fee at City Hall? constructing, improving, providing, and funding transportation improvements within No. The fee is assessed when you the District. This includes preservation and renew your car tabs/registration with the maintenance of our transportation system. Dept. of Licensing. The DOL will collect Also, state statute requires that the district the fee and distribute it to the specifically report how the money is spent transportation district for you. each year to insure that this money is not used for purposes other than transportation. The District has enacted $20 now. But can they raise this fee in future years? Are the TBD revenues required to be spent as they are collected? No. According to state statutes, once the fee is adopted, it cannot be increased No. The board that creates a TBD must during the life of the transportation develop a plan that specifies the benefit district without a vote of the transportation improvements to be provided people. or funded by the TBD. The board can indicate if the funds will be used immediately or collected for a specific If In the future the county adopts a period prior to spending the accumulated similarfee,will I have to pay both? funds. No. Although the county also has the authority to create a TBD and enact up to Can TBD money be used for bond a $20 car tab fee without a vote of the payments and/or grant matches? • people,they would have to give you credit for any other TBD you are already Yes, but only if the bond proceeds paying. However, if the county, through a and/or grant is for an eligible vote, enacts a fee greater than $20, you transportation improvement. may be subject to the incremental difference. • Portions of the above information were obtained from the Association of Washington Cities. 2 Bremerton Transportation Benefit District Special Revenue Fund Bremerton Transportation Benefit District Approved Amended Budget Budget 2014 2014 Revenues Fees $350,000 $350,000 Transfer In 0 0 Debt Proceeds 0 0 Total Revenue 350,000 350,000 Expenditures Supplies and Services 500,000 750,000 Debt Service 0 0 Transfers 0 0 Total Expenditures 500,000 750,000 Revenue over(under) expenditures (150,000) (400,000) Beginning Fund Balance 205,983 567,950 Ending Fund Balance $55,983 $167,950 3 Bremerton Transportation Benefit District Special Revenue Fund The following is a list of identified categories for projects to be completed in 2014. The list is not in any priority order. As projects are completed, actual costs will be tracked and reported accordingly as part of the annual reporting process. Project Category List (Work Plan) Activity/ Estimated Category Name Cost Crack Seal Roads $ 75,000 Hot-Applied Street Markings $ 50,000 Slurry Seal Pilot Program $75,000—150,000 Grind & Patch $300,000—525,000 Lower Wheaton Way $0—250,000 Not-to-Exceed Budget Total $ 750,000 • 4