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Exhibit 2. Projected Annual Operating Revenues, Expenditures, and Deficit, 2018-2037 (2018$) <br />$12 <br />$10 <br />$8 <br />0 <br />$6 <br />$4 <br />$2 <br />$0 <br />O <br />w b <br />�`L0o9 07" ,L�0l, ,t6' ' ,Z0`b, Z60 Q;' ,yr5 ��b'blr1' ,a0�o,L;gq L030 ,1fl3' ,y03`Z 03'S fl <br />,L,y9b 0511 <br />�003I <br />3b 7 <br />-$2 <br />-$4 <br />Annual Projected Baseline Operating Revenues <br />Annual Projected Operating Expenditures <br />Annual Operating Deficit <br />Sources: Kittitas County Public Works 2018; BERK Consulting 2018. <br />Note: This does not include the $50 million deficit in capital needs over 20 years. <br />To fill the 20 -year funding gap of $91 million in operating and capital costs, we worked with the County <br />to identify potential funding strategies. Based on our analysis of potential revenue generation and <br />alignment with County goals, BERK recommends that the County pursue a Transportation Benefit District <br />(TBD) and then establish a Vehicle Licensing Fee (non -voted), in combination with a County Road <br />property tax levy lid lift (voted). Revenue generated from both these sources may be used for both <br />operating and/or capital purposes. <br />Through a phased approach, the County can implement a Vehicle Licensing Fee that graduates to a <br />higher rate annually. This approach would develop as a $20 Vehicle Licensing Fee for two years, a $40 <br />fee for two years, and a $50 fee for the rest of the 20 -year time frame without a public vote. Using <br />vehicle registration data from the Department of Licensing, we project that this strategy can bring in an <br />estimated additional revenue of $32 million over 20 years. The Vehicle Licensing Fee through a TBD <br />would help to meet the goals of increasing revenues to cover the funding gap and addressing safety <br />concerns. This option also does not require a public vote. However, this option does not address the issue <br />of improving the alignment between beneficiaries and those who are paying. Recreational users from <br />outside the County would not be subject to this fee. <br />III May 22, 2018 Kittitas County Public Works 1 20 -Year TIP Fiscal Sustainability Strategy: Final Reporf <br />