Laserfiche WebLink
The impact of losing $4.8 million for Road Fund levy shifts (2015 — 2019) resulted in a <br />serious depletion of the road fund. While the overall outcome resulting from the levy <br />shifts was favorable (the creation of the county's water bank) for county residents, it has <br />come at the expense of Public Works infrastructure maintenance. <br />We may want to convey the strategy we used when addressing the Upper County Rule <br />(Department of Ecology closing upper county to single family exempt wells) with the <br />message that it is now time to pay back the road fund. Regardless of the message, three <br />years of high inflation (coupled with the crippling impact of levy diversions) have <br />adversely impacted PW's ability to deliver projects detailed in the TAMP. Considering <br />the large increase in road fund levy rate needed to address inflationary impact, it would <br />be prudent to begin the process of identifying elements of the road and bridge network <br />that we will want to prioritize for abandonment, presuming no additional offsetting <br />revenue flow into the road fund. <br />FISCAL IMPACTS: <br />Without supplementing road fund revenue, PW must start divesting from infrastructure <br />assets as detailed in the TAMP, <br />ATTACHMENTS: <br />EXHIBIT 1: CONSOR ROAD LEVY RESEARCH (DRAFT) <br />EXHIBIT 2: ROAD FUND LEVY FINANCIAL FORECAST <br />Page 2 of 4 <br />Public Works "Work Session Staff Report", 2023 <br />