2012 Transporation Benefit District (TBD) Annual ReportEdmonds Transportation
Benefit District
Annual Report
2/5/2013
Edmonds Transportation Benefit
District (ETBD) Annual Report —
■ Edmonds City Council forms ETBD on November 18, 2008.
■ TBD Board enacts $20/year fee with Ord. No. 1 on February
17th1 2009 limiting the uses of funds collected to maintenance
and preservation of streets and related traffic control assets.
■ $639,180 collected in 2011 spent on maintenance and
preservation of City streets, including pavement repair &
maintenance, signage management, markings (buttons, curb
paint, etc.), crosswalks, and traffic signals.
■ $640,944 collected in 2012 and spent on maintenance and
preservation of City streets, including pavement repair &
maintenance, signage management, markings, crosswalks, and
traffic signals.
■ Need to address the ordinance to expand the list of eligible
expenses.
Crack Sealing
j
. .
Graffiti Removal
Asphalt Repair
Signal Maintenance &
Programming
Paving
Someday?
Edmonds Transportation Benefit
District (ETBD)
— $650,000 budgeted for 2013 to come from gas tax for Street
maintenance and preservation. $50,000 less than in 201 `'
— $120,000 budgeted for 2013 to come from gas tax for Street
capital projects. Lb4U,UUU less lfIdtl ill Zu i z.
— Prevailing elevated gas prices and a lackluster economy have
lowered gas tax revenue estimations.
— Total gas tax in Washington 55.9 cents/gallon (7t" highest) - fixed
— $645,000 budgeted for 2013 in TBD revenue
— $100,000 dollars in General Fund transfers to Street Fund
budgeted in 2013.
— The City has not paved any of its streets with its own General Fund
resources since 2008.
— We estimate an additional S7.5 million is needed above and
beyond current funding levels to provide a sustainable street
condition. This does not include capital projects.
Questions?