2024-11-02 Council Special Packet1.
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Edmonds City Council
1,00
SPECIAL MEETING NOTICE
BRACKETT ROOM
121 5TH AVE N, CITY HALL- 3RD FLOOR, EDMONDS, WA 98020
NOVEMBER 2, 2024, 9:00 AM
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CALL TO ORDER
ROLL CALL
APPROVAL OF THE AGENDA
COUNCIL BUSINESS
1. 2025-2026 Revenue Workshop Overview (120 min)
2. 2025-2026 Budget Workshop Overview (60 min)
ADJOURNMENT 12:00 PM
Edmonds City Council Agenda
November 2, 2024
Page 1
4.1
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
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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 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
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 oursely or utilities
• Parks entrance fees
Other
• Join the RFA and retain tax re • ue
• Eliminate the MFTE ring cities Share costs/resources w/nei o
4.1.b
REVENUE OPPORTUNITIES
Revenueldea
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
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4.1.b
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 motorvehicle license fees from $40 to $50
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4.2
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.
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