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Table 12. Opportunities to Increase Revenues through Funding and Financing Tools Voter Eligible Expenditures Who Tool Description Approval Pays? Programmatic Capital Required? Recommended Funding Tools $20 Vehicle Licensing Independent taxing districts created through X X No,upto Vehicle Fee levied via a ordinance can impose a vehicle fee, without $50. Owners Transportation Benefit voter approval, of up to $20; $40 if a $20 fee Yes, above District has been in effect for at least 24 months; and $50 and up $50 if a $40 fee has been in effect for at least to $100. 24 months. Vehicle license fees can be as much as $100 with voter approval 0.2% Sales and Use Independent taxing districts created through X X Yes Consumers Tax levied via a ordinance can impose additional sales and use Transportation Benefit tax of up to 0.2% I District County Road property Increase property taxes in taxing districts X X Yes Property tax levy lid lift without banked capacity beyond the 1% limit Owners for six years up to a rate equal to or less than the statutory maximum rate Transportation Impact Fees charged to developers to fund impacts X No Developers Fees related to development as established by a rate study or levied as part of SEPA mitigation.(single family homes exempt) Other Funding and Financing Tools deemed unfeasible at this time Reclaiming Diverted Reclaiming funds diverted for other County X X No Other County Road Levy purposes County Property Tax Capacity Programs Property Tax Levy Lid Increase property taxes in taxing districts X X Yes Property Lift -County General without banked capacity beyond the 1% limit Owners Expense Levy -revenues would remain in the general fund General Fund Dependent on excess General Fund capacity X X No Other Allocations County Programs Sale of Existing Capital Sale of surplus existing capital assets X No N/A Assets Real Estate Excise Tax 2 Levy of an additional 0.25% tax on the full X No Property sales price of real estate Sellers Limited Tax General Councilmanic bonds (debt) that must be X No Property Obligation (LTGO) repaid through County revenues Owners Bonds Unlimited Tax General Voted bonds (debt) that include the levying of X Yes Property Obligation (UTGO) an additional property tax to repay them Owners Bond Note: Additional Revenue Order of Magnitude values are conservative estimates only and represent the estimated annual revenue. $ -less than $250,000 $$ -$250,000-$1,000,000 $$$ -greater than $1,000,000 Source: BERK Consulting and Fehr & Peers, 2018 59 IP age Additional Revenues Order of Magnitude $$-$$$ $$ II $$$ $$ II $ $ $ I $ $ $$$ $$$