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0 Since the levy lid lift generates a relatively larger magnitude of additional revenue, the County <br />could potentially add projects to its project list or use the slight surplus for unknown or <br />emergency events. Political feasibility is a hurdle for this strategy; a levy lid lift requires voter <br />approval, and property owners would bear the burden. It will be important to consider election <br />timing, other votes on the election ballot, community attitudes, and political will in pursuing this <br />option. <br />Exhibit 16. Additional Revenue Generated from Transportation Benefit District Vehicle Licensing Fee and <br />County Road Property Tax Levy Lid Lift (2018$) <br />2018-2023 2024-2027 10.YearTotal, <br />2018-2027 2028-2037 20.YearTotal, <br />2018-2037 <br />(Years 1-6) (Years 7 -10) (Years 1-10)_ (Years 11-20) _(Years 1-20) <br />Estimated Potential Additional Revenue <br />Transportation Benefit District - <br />Vehicle Licensing Fee $ 6,540,000 $ 6,510,000 $ 13,050,000 $ 18,570,000 $ 31,610,000 <br />Property Tax Levy Lid Lift - <br />County Road Fund ($1 . 75 per <br />$1000AV) <br />Total Estimated Additional <br />Revenue <br />$ <br />$ <br />22,170,000 $ 13,150,000 <br />28,710,000 $ 19,660,000 <br />$ 35,320,000 $ 26,990,000 $ 62,320,000 <br />s 48,370,000 $ 45,560,000 $ 93,930,000 <br />Sources: Kittitas County Public Works 2018; Washington State De partment of Licensing 2018; BERK Consulting 2018. <br />Note: These figures are rounded to the nearest l 0,000. <br />Alternative Options <br />• Transportation Benefit District -Sales and Use Tax (Voted) <br />0 Independent taxing districts created through ordinance can impose an additional sales and use <br />tax of up to 0.2 percent. This would apply to unincorporated areas and could be aligned to <br />sales and use taxes in cities. Currently, the City of Ellensburg is a TBD with a 0.2 percent sales <br />tax. The tax must be reauthorized by voters after 1 0 years. <br />0 A Sales and Use Tax levied through a TBD could bring in approximately $719,000 annually, <br />based on the unincorporated County's 2016 taxable retail sales data from Washington State's <br />Department of Revenue. Based on population projections, this is approximately $18.2 million <br />over the 20-year period. This option would need to be combined with another option. <br />0 This option would help to align costs with beneficiaries, since the sales and use tax would apply <br />to recreational users passing though the county. The County could frame this approach as <br />aligning with the City of Ellensburg. This option would only partially cover the funding gap, and <br />it could be more susceptible to market volatility, since taxes collected depend on commercial <br />use. <br />Potential additional revenue from each of these three tools is summarized in Exhibit 17 below. <br />: ~I I May 22, 2018 Kittitas County Public Works I 20-Yeor TIP Fiscal Sustainability Strategy: Final Report 19