2018-10-08-minutes-public-works-study-session

Home Browse Search

Revenue. Based on population projections, this is approximately $18.2 million over the 20 -year period. Property Tax Levy Lid Lift—County Road Fund Levy (Voted) Levy lid lifts can be permanent or temporary. If permanent, the revenue collected during the lid lift is used as the base to calculate the revenue limit for future levies. If temporary, the revenue limit for future collections is calculated as if the lid lift had not occurred. Counties can levy either a single -year or multi-year levy lid lift to increase county road property taxes in taxing districts without banked capacity beyond the 1% limit. With a permanent single -year lid lift, the County can increase the county road fund property taxes beyond the 1% limit in the first year, and then that amount is used to calculate all future 1% levy limitations. The measure never expires, and the levy lid never reverts. Single -year lid lifts may be submitted to voters at any special, primary, or general election. With a permanent multi-year lid lift, the County can increase the county road fund property taxes beyond the 1% limit (up to a limit factor specified in the ballot measure), for six consecutive years up to a rate equal to or less than the statutory maximum, which is $2.25 per $1000 of assessed value. After the six years, the total levy can increase by up to 1% annually. Multi-year lid lifts must be submitted at the primary or general election. Kittitas County is currently levying a County Road Fund Levy of only $0.97, but could bring this up to $1.75 per $1000 AV. With a permanent single -year lid lift by setting the 2019 levy rate at $1.75 per $1000 AV, the County Road Fund Levy could bring in an additional $3.6 million during the first year, or $62.3 million over 20 years, beyond what is currently being collected. This is based on projected valuations of property and new construction in unincorporated Kittitas County. Local Option Fuel Tax (Voted) Counties may levy a gas tax for local transportation purposes. The maximum rate is 10% of the state gas tax rate (the state rate is currently 49.4 cents per gallon, so the maximum Local Option Fuel Tax rate is 4.94 cents per gallon). Counties in a Regional Transportation Improvement District (RTID) may not levy the tax if the RTID is already levying a local option fuel tax. Revenues are distributed to the county and cities within the county on a per capita basis: 1.5 for the population in the unincorporated area and 1.0 for city populations. No counties in Washington have enacted this tax. The Washington State Joint Transportation Committee produced revenue estimates for a Local Option Motor Vehicle in their January 2017 Transportation Resource Manual. Fuel tax collections are estimated from the County's share as a percentage of total state fuel gallons taxed at 4.94 cents per gallon. The state total is based on actual fuel gallons consumed in FY 2016 and uses the November 2016 forecast for FY 2017 and 2018. The county's share is based on the Office of Financial Management's April 1 population estimates. This report estimates that a Local Option Fuel Tax could bring in $797,632 annually for Kittitas County. Over 20 years, using population projections, this could generate approximately $19.8 million over 20 years. Table 12 details the potential revenue from these funding strategies over the 20 -year planning horizon. s6IPage