2013 Transporation Benefit District (TBD) Annual ReportEdmands-Transportation
Benefit- fli&trict
2013 Annual Report
2/18/2014
Edmonds-T-ransportation Benefit-
District (E-TBD) Annual Report
■ Edmonds City = Council_ forms ETBD on _November_1 &, 2008._
■ TBD Boar-d-enacts-$20/y-ear fee with Ord. No. 1-on- February
17t", 2009 limiting -the uses of fundscollected-to the operation,
--maintenance --end preservation of street -sand r-eleted- traffic -
control -assets.
■ $640,944 was collected in 2012. All of which, and more, was
-spent on maintenance, preservation, and operations of City
streets, including pavement repair & maintenance, signage
management, -markings, crosswalks, and traffic signals. --
■ $650,836-collected in 2013 with $607,774 -spent on - -
maintenance, preservation, and -operations-of City streets,
including pavement repair & maintenance, signage
management, markings (buttons, curb paint, etc.), crosswalks,
and traffic signals.
■ Note: No crack sealing was performed in 2013 dueto-the
--elimination-of-temporary summer help to meet -street budget
reductions.
Asphalt Repair
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Pothole Patching
Signal Maintenance &
Programming
Graffiti Removal
Paving
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Edmonds-Transportation--Benef'it
District- (ET-BD)-
$645,00-0-budgete-d-for 2-014 to come from gas tax for-- Street
mainte-nance�pr-eservationland operations. $5,000 less than vast
estimated -in 2013..-
-- $11-5,000-in-gas tax -revenues budgeted for 2014 for Street capital
projects. $5,000 less than was--estimate d-201-3.
— Prevailing elevated has prices- combined- with -a slow-growth-
Y
econom continue to depress_gas tax revenue estimations.
— Total g as tax irr Vl/asiiVon 55.9 center/gallop (7th highest) fixed
— $6451000 bu-dgeted for 2014 in TBD revers-ue:-
- $400,000 dollars in General Fund transfers to Street Fund
budgetedin 2014.
— We estimate an additional $1.2 million is needed above a-nd
beyond current funding levels to provide a sustainable street
condition. This does not include capital projects.
Questions?