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Table 12. Opportunities to Increase Revenues through Funding and Financing Tools <br />AdditioFial <br />r - <br />Eligible <br />iWho Revenues <br />Description <br />Orderof <br />EL 0 Pirogrommatir Capital Required? <br />u� <br />Recommended Funding Tools <br />$20 Vehicle Licensing <br />Independent taxing districts created through <br />X <br />X <br />No, up to <br />Vehicle <br />$$-$$$ j <br />Fee levied via a <br />I ordinance can impose a vehicle fee, without <br />$50. <br />Owners <br />Transportation Benefit <br />, voter approval, of up to $20; $40 if a $20 fee <br />Yes, above <br />District <br />' has been in effectfor at least 24 months; and <br />$50 and up <br />$50 if a $40 fee has been in effectfor at least <br />to $100. <br />I <br />j <br />24 months. Vehicle license fees can be as <br />much as $100 with voter approval <br />0.2% Sales and Use <br />Independent taxing districts created through <br />X <br />X <br />Yes <br />Consumers , $$ <br />Tax levied via a <br />ordinance can impose additional sales and use <br />Transportation Benefit <br />tax of up to 0.296 <br />District <br />County Road property <br />increase property taxes in taxing districts X <br />X <br />Yes <br />Property $$$ <br />tax levy lid lift <br />without banked capacity beyond the 196 limit <br />Owners ! <br />for six years up to a rate equal to or less than <br />the statutory maximum rate <br />Transportation Impact <br />Fees charged to developers to fund impacts i <br />X <br />No <br />Developers <br />$$ <br />Fees <br />related to development as established by a j <br />rate study or levied as part of SEPA <br />mitigation. (single family homes exempt) <br />Other Funding and Financing Tools deemed unfeasible at this time <br />Reclaiming Diverted <br />Reclaiming funds diverted for other County <br />X <br />X <br />No <br />Other <br />$ <br />County Road Levy <br />purposes <br />County <br />Property Tax Capacity <br />Programs <br />Property Tax Levy Lid <br />Increase property taxes in taxing districts <br />X <br />X <br />Yes <br />Property <br />$ <br />Lift — County General <br />without banked capacity beyond the 1% limit <br />Owners <br />Expense Levy <br />-- revenues would remain in the general fund <br />General Fund <br />Dependent on excess General Fund capacity <br />X <br />X <br />No <br />Other <br />$ <br />Allocations <br />County <br />Programs <br />Sale of Existing Capital <br />Sale of surplus existing capital assets <br />X <br />No <br />I N/A <br />$ <br />Assets <br />! <br />Real Estate Excise Tax 2 <br />Levy of on additional 0.25% tax on the full <br />X <br />No <br />Property <br />$ <br />' <br />sales price of real estate <br />I Sellers <br />Limited Tax General <br />Councilmanic bonds (debt) that must be <br />X <br />No <br />Property <br />$$$ <br />Obligation (LTGO) <br />repaid through County revenues <br />Owners <br />Bonds <br />Unlimited Tax General <br />Voted bonds (debt) that include the levying of <br />X <br />Yes <br />Property <br />$$$ <br />Obligation (UTGO) <br />an additional property tax to repay them <br />! <br />Owners <br />Bond <br />! <br />Note: Additional Revenue Order of Magnitude values are conservative estimates only and represent the estimated <br />annual revenue. <br />$ - less than $250,000 <br />$$ - $250,000-$1,000,000 <br />$$$ - greater than $1,000,000 <br />Source: BERK Consulting and Fehr & Peers, 2018 <br />ilge <br />