Laserfiche WebLink
21 <br />Potential Funding for Proposed PFD <br />Although 2025 sales tax distributions are not available at the time of this financial feasibility <br />review, it is noted that the KITTCOM Emergency Communications and Facilities sales and use <br />tax, which was approved April 23, 2024, reported actual revenues from a 0.2 percent county- <br />wide sales tax amounting to $3.069M in 2025.15 This indicates an estimated taxable retail <br />sales base in Kittitas County of $1.5B, which is significantly higher than 2024 actuals ($1.1B) <br />and exceeds the projected amounts under either the Conservative or Moderate Scenario. <br />The reported revenues accrued to KITTCOM in 2025 were consistent with Kittitas County’s <br />2025 budget, which indicated $3.0M in revenues from the 0.2 percent sales tax.16 Although the <br />County’s 2026 budget does not specify KITTCOM revenues, it is reasonable to conclude that <br />both the Conservative and Moderate Scenario estimates for 2025, as presented, potentially <br />understate revenues from a 0.2 percent county-wide sales tax, if approved, particularly in early <br />years following PFD formation. However, in the interest of being conservative, this financial <br />feasibility review relies on actual data for 2024, and the projections as previously described <br />under a Conservative and Moderate Scenario. <br />Preliminary Project Operating Costs <br />Information provided by Kittitas County highlights various levels of proposed contributions by <br />the PFD, if formed, to the identified large recreation projects as follows: <br />1)Upper Kittitas County Community Recreation Center: The proposed project is <br />projected to incur a deficit of ($1,052,325) in Year 1 of operations. The primary strategy for <br />closing this operational gap is the formation of the proposed PFD. 17 It is the County’s <br />expectation that the operating shortfall will diminish over time, with surplus revenue <br />potentially available to accelerate bond repayment.17 <br />2)Ellensburg Community Fieldhouse: Preliminary projections include $276,000 in annual <br />PFD funding to support a portion of operations and debt service.18 <br />3)Kittitas Valley Aquatic Center: Preliminary projections include $1,724,000 in annual PFD <br />funding to support a portion of operations and debt service.17 <br />15.KITTCOM ADMINISTRATIVE BOARD AGENDA (FEBRUARY 12, 2026) <br />16.KITTITAS COUNTY BUDGET SUMMARY 2025 <br />17.KITTITAS COUNTY TREASURER OFFICE/ WASHINGTON STATE DEPARTMENT OF REVENUE <br />18.BALLARD KING AND ASSOCIATES STUDY (2025)