HomeMy WebLinkAbout2024-11-02 Council Special PacketAgenda
Edmonds City Council
SPECIAL MEETING NOTICE
BRACKETT ROOM
121 5TH AVE N, CITY HALL - 3RD FLOOR, EDMONDS, WA 98020
NOVEMBER 2, 2024, 9:00 AM
Edmonds City Council Agenda
November 2, 2024
Page 1
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1. CALL TO ORDER
2. ROLL CALL
3. APPROVAL OF THE AGENDA
4. COUNCIL BUSINESS
1. 2025-2026 Revenue Workshop Overview (120 min)
2. 2025-2026 Budget Workshop Overview (60 min)
ADJOURNMENT 12:00 PM
City Council Agenda Item
Meeting Date: 11/2/2024
2025-2026 Revenue Workshop Overview
Staff Lead: City Council / Mayor Rosen
Department: City Council
Preparer: Beckie Peterson
Background/History
On October 1, Mayor Rosen presented the 2025-2026 Proposed Budget. In his presentation, he
included a slide with 28 potential revenue ideas.
The content of that slide have been expanded into a list of 53 revenue opportunities to further develop.
Recommendation
No Council action recommended; discussion only.
Narrative
An overview of revenue opportunities will be followed with council discussion, input, initial evaluation,
and consideration of next steps.
Attachments:
Mayor's 2025-Budget-Presentation_Revenue
Revenue Opportunities for Development
4.1
Packet Pg. 2
Potentially Increase
•Collect credit card fees
•Increase sales tax
•Property tax levy
•Increase business lic. rate
•Market/Higher rate for Museum
•Market/higher rate for Wade James
•Market/higher rate for old PW building
•Increase pet license fee
•Update our franchise fees (PUD and PSE)
•Raise program fees
Potentially Introduce
•Fire impact fee
•Charge for false alarms
•Add an admission tax
•Allowing gambling
•Affordable Housing Sales tax
•Commercial Parking tax
•Parking Meters
•Reduced fees we pay ourselves for utilities
•Parks entrance fees
Potentially Sell
•Meadowdale Club House
•Wade James property
•Francis Anderson Center
•City Hall
•Ads on website
•Sponsorships / naming rights on our assets
•The additional police cars
Other
•Join the RFA and retain tax revenue
•Eliminate the MFTE
•Share costs/resources w/neighboring cities
4.1.a
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REVENUE OPPORTUNITIES
Revenue Idea
Increase 1 Collect/Increase credit card fees
2 Increase sales tax
3 Property tax levy
4 Increase business license rate
5 Market/Higher rate for Museum lease
6 Market/higher rate for Wade James lease
7 Market/higher rate for old PW building lease
8 Market/higher rate for Boys & Girls Club lease
9 Increase pet license fee
10 Update our franchise fees (PUD and PSE)
11 Increase employee and resident parking pass
12 Camera fines from $130 to $145
13 Escalate fines for 2nd offense to $190 and 3rd offense to $220
14 Increase Development Fees
15 Increase fees for services we provide at Special events
16 Increase Utility Tax
Introduce 17 Fire impact fee
18 Charge for police response to false alarms
19 Add an admission tax
20 Allowing gambling
21 Affordable Housing Sales tax
22 Commercial Parking tax
23 Parking Meters
24 Reduced fees we pay ourselves for utilities
25 Parks entrance fees
26 Donation opportunities at Parks
27 Donation opportunities on utility bills
28 Traffic Impact Fees on tickets
29 Sugar Tax
30 Alcohol tax
31 Cannibis Tax
32 Short Term Rental Tax
Sell 33 Meadowdale Club House
34 Wade James property
35 Francis Anderson Center
36 City Hall
37 Ads on website
4.1.b
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38 Sponsorships / naming rights on our assets
39 The additional police cars
40 Sell off Parks / Lease off Parks
Other 41 Join the RFA
42 If RFA annexation is approved retain tax revenue
43 Pursue Tax Increment Financing (TIF)
44 Create local improvement districts
45 Utilize Community renewal
46 Eliminate the MFTE
47 Share costs/resources w/neighboring cities
48 Require business license for every unit in every apartment house
49 Create a Park District
50 Digital advertising at ferry lane area
51 Eco and adventure tourism
52 REITs
53 Increase motor vehicle license fees from $40 to $50
4.1.b
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City Council Agenda Item
Meeting Date: 11/2/2024
2025-2026 Budget Workshop Overview
Staff Lead: City Council / Mayor Rosen
Department: City Council
Preparer: Scott Passey
Background/History
On October 1, Mayor Rosen presented the 2025-2026 Proposed Budget.
Recommendation
No Council action recommended; discussion only.
Narrative
This is an opportunity to discuss the 2025-2026 Proposed Budget.
4.2
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