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HomeMy WebLinkAboutCOW 2010-04-12 Item 5J - Budget - Revenue OptionsCAS NUMBER: 10-046 Meeting Date Prepared by 04/12/10 CO AGENDA ITEM TITLE Budget Revenue Options MTG DATE 1 04/12/10 MTG. DATE 04/12/10 COUNCIL AGENDA SYNOPSIS Initials 1 1 1 ITEM- INFORMATION review 1 ORIGINAL AGENDA DATE: APRIL 12, 2010 CATEGORY Discussion Motion Resolution Ordinance Bid Award Public Hearing Other Mtg Date 04/12/10 Mtg Date Mtg Date Mtg Date Mtg Date Mtg Date Mtg Date SPONSOR Council Mayor Adm Svcs DCD Finance Fire Legal P&R Police Ply SPONSOR'S During its February 2010 annual retreat, the City Council discussed a wide range of SUMMARY options for addressing the long -term gap between anticipated revenues and expenditure forecasts. Council identified a number of revenue and expense options it would like to explore further, and requested that staff research these items and report back to the Committee of the Whole in coming months. The attached memo identifies revenue options for consideration by the Council. RI',VIEWED BY COW Mtg. CA &P Cmte F &S Cmte Utilities Cmte Arts Comm. Parks Comm. I Planning Comm. DATE: N/A RECOMMENDATIONS: SPONSOR /ADMIN. Review and provide direction COMMI 1'1'1 E COST-IMPACT FUND SOURCE EXPENDITURE REQUIRED AMOUNT BUDGETED APPROPRIATION REQUIRED $N /A $N /A $N /A Fund Source: N/A Comments: .RECORD. OFCOUNCIL ACTION ITEM No. Transportation Cmte ATTACHMENTS Informational Memorandum dated 04/09/10, with 4 attached revenue options 297 298 TO: ISSUE BACKGROUND City of Tukwila INFORMATIONAL MEMORANDUM Mayor Haggerton Committee of the Whole FROM: Shawn Hunstock, Finance Director DATE: April 9, 2010 SUBJECT: Revenue Options Increase utility tax on City run utilities Increase business license fees Revenue generating regulatory license Transportation Benefit District license fee Jim Haggerton, Mayor The City Council requested that administration follow -up on several revenue enhancement options as part of their retreat on February 27 and 28 The items presented for discussion at the April 12 Committee of the Whole meeting include the following: Other revenue enhancement options will be presented at future COW meetings, as well as service or program reduction options. To address the decline in sales tax revenue and limitations on growth of property tax revenue, the City implemented a 3% across the -board budget reduction in 2009. The reduction resulted in a savings of just under $1.4 million. This reduction was accomplished with no impact on the City's staffing level or employee benefits. Later in 2009, as it became apparent that the downturn in the economy would be a protracted one, departments were asked to identify additional cuts that could be made to further reduce City expenses. This effort resulted in another $392,000 reduction of the General Fund budget. Administration also looked for other ways to reduce expenses, such as placing restrictions on out -of -state travel. When staffing positions became vacant, the City implemented a minimum three month recruitment period, with few exceptions, in order to generate some savings on salaries and benefits. Opportunities for efficiency were also investigated, such as consolidating the City's cellular phones within the Information Technology department for purchasing, maintenance of the phones and monitoring of expenses. In addition to all the efforts mentioned above for the General Fund, the City also implemented cost savings measures for other funds. In the arterial street fund and capital projects funds the City chose to delay certain projects that were funded through sales tax receipts, allowing this revenue source to be allocated to the General Fund instead. We were also able to identify resources in the debt service funds that have accumulated over several years. These resources, originally from sales tax receipts, were allocated back to the General Fund. 299 INFORMATIONAL MEMO Page 2 To the extent possible, the City attempted to utilize previously untapped revenue sources, delayed or cancelled certain items of expenditure, and took advantage of one -time savings where available in an effort to not impact the level of staffing within the City. The City Council at its retreat requested that administration bring specific options back to future COW meetings regarding various revenue enhancements. The revenue enhancements are one part of a three part approach to address the City's current budget shortfall. The other items being considered are program reductions and the cost of compensation. DISCUSSION The attached pages describe each individual revenue enhancement option, the service impact, if any, the estimated revenue that could be generated, and the alternatives to changing or implementing each option. Should Council decide to further pursue any of these options, staff and administration will bring specific proposals, along with any necessary ordinances or resolutions, to future Committee of the Whole and Council meetings. RECOMMENDATION For each revenue option, provide staff direction on the following: Should this revenue option be pursued? 1. Request more information from staff (please be specific). 2. Reject this revenue option 3. Ask staff to prepare action necessary to implement this revenue option. Timing of Implementation: (Should this revenue option be implemented) a) Immediately? b) As part of 2011 -2012 budget process? c) At some other time? If immediate implementation is desired, staff will schedule a public hearing, if necessary, for the earliest opportunity. ATTACHMENTS A. Revenue Option: Utility Tax on City -Owned Utilities B. Revenue Option: Increase Business License Fees C. Revenue Option: Revenue Generating Regulatory License D. Revenue Option: TBD License Tabs 300 w: \2010 infomemos \budget april 12_1.docx PROPOSAL: Increase tax rate on city -run utilities to accomplish a $280,000 increase in utility tax revenue. DESCRIPTION: The City adopted Ordinance 2258 on October 19, 2009, enacting a utility tax of 15% from December 31, 2008 through April 30, 2010, and a rate of 10% from May 1, 2010 through December 31, 2012. The tax is on the City's water, sewer and surface water funds. An increase of three percent from May 1, 2010 on would generate approximately $300,000. If the sunset provision is removed from TMC 3.54.030, the tax would need to be included in cost assumptions for annual utility rate setting purposes. SERVICE IMPACT: Because the utility tax is a tax on the enterprise utility fund itself, and not on the customers, implementation of the tax, and changes to it, can be accomplished with minimal administrative burden. When the utility tax was originally adopted, the goal was to not pass the tax along to customers, but rather reduce the fund balance in the utility funds. Extension of the utility tax beyond the sunset period, if Council chooses to do so, will necessitate building this cost into the rate model for future years that utility customers pay. BUDGET IMPACT: CITY OF TUKWILA REVENUE ENHANCEMENT PROPOSAL AND ASSESSMENT ANNUAL REVENUE INCREASE LESS: COST OF PROGRAM ADMINISTRATION ANNUAL NET INCREASE 2010 2011+ $150,000 $300,000 $150,000 $300,000 ALTERNATIVES: The City could chose to not implement an increase to the existing tax on city run utilities and make up this difference either through other revenue enhancements, or additional expenditure reductions. c: \temp \xpgrpwise \revenue enhancement proposal utility tax.docx /sdh Page 1 301 302 PROPOSAL: DESCRIPTION: SERVICE IMPACT: BUDGET IMPACT: CITY OF TUKWILA REVENUE ENHANCEMENT PROPOSAL AND ASSESSMENT Increase the fee for business licenses in Tukwila to accomplish a $160,000 increase in business license revenue. The City last updated its business license fee amounts with Ordinance 2179 on October 15, 2007. Below is a table that illustrates the current and proposed fee amounts: of businesses Current Fee Proposed Fee Home Occupation 172 $50 $100 0 to 20 Employees 1,898 $100 $150 21 to 50 Employees 222 $150 $300 51 to 100 Employees 67 $200 $400 101+ Employees 63 $300 $600 Total 2,422 The above proposed fees would generate approximately $150,000 of additional revenue per year. All fee categories would double, with the exception of the 0 to 20 employee category, which would go from $100 per license to $150. This is the single largest category of business licenses that the City issues. Implementation of a business license fee increase would be minimal by way of process and staff time. New forms and correspondence are printed each year with updated information, and the new fees would be included at that time. It is anticipated we would experience an increase in phone calls, at least initially, due to the fee increase. ANNUAL REVENUE INCREASE LESS: COST OF PROGRAM ADMINISTRATION ANNUAL NET INCREASE 2010 2011+ $75,000 $150,000 $75,000 $150,000 The City could chose to not implement an increase to the existing business ALTERNATIVES: license fees and make up this difference either through other revenue enhancements, or additional expenditure reductions. c: \temp \xpgrpwise \revenue enhancement proposal business license fees.docx /sdh Page 1 PROPOSAL: CITY OF TUKWILA REVENUE ENHANCEMENT PROPOSAL AND ASSESSMENT Enact a Revenue Generating Regulatory License (RGRL) fee, sometimes known as a head -tax, on businesses operating within the City to accomplish a $2.5 million increase in revenue in the General Fund. DESCRIPTION: The RGRL is a supplemental fee, and is charged in addition to the basic business license fee. Approximately twenty -seven cities in the state impose a RGRL. State statute allows for a variety of options for implementing the fee, including per employee, per hour worked, square footage of the business, or a combination of these or other factors. The statute also allows for a different fee based on the type of business, so long as every business within a particular classification is charged the same fee. The City of Seattle last year repealed their RGRL. The City of Renton imposes a fee of $55 per full time equivalent employee. The City of Redmond imposes a basic fee of $35 per employee, plus a surcharge of $55 per employee, for a total fee of $90. The proposal is to implement a fee of $65 per full time equivalent employee. The fee would generate approximately $2.5 million in gross additional revenue each year in the General Fund, based on employee count data from 2009, as originally submitted on business license applications. SERVICE IMPACT: Implementation of a RGRL would have impacts to staff in facilitating the program, including working with businesses and answering questions regarding completion of forms, formulas, employee eligibility, compliance, auditing of fee information as submitted by businesses, etc. It is expected that administration of an RGRL would require the addition of one full -time equivalent employee, plus typical supply and equipment costs. Additional marketing materials, publications, forms and postage would be needed as well. The projected annual cost of program administration is $150,000. BUDGET 2010 2011+ IMPACT: ANNUAL REVENUE INCREASE $1,150,000 $2,500,000 LESS: COST OF PROGRAM ADMINISTRATION ANNUAL NET INCREASE c: \temp \gwviewer \revenue enhancement proposal rgrl.docx /sdh $75,000 $150,000 $1,075,000 $2,350,000 Page 1 303 304 ALTERNATIVES: The City could chose to not implement a RGRL and make up this difference either through other revenue enhancements, or additional expenditure reductions. However, the available options for making up this amount of revenue are very limited. c: \temp \gwviewer \revenue enhancement proposal rgrl.docx /sdh Page 2 PROPOSAL: DESCRIPTION: SERVICE IMPACT: BUDGET IMPACT: ALTERNATIVES: c: CITY OF TUKWILA REVENUE ENHANCEMENT PROPOSAL AND ASSESSMENT Create a Transportation Benefit District (TBD) with funding through a $20 per vehicle license fee dedicated to transportation improvements. Cities may create a TBD by ordinance after conducting a public hearing with sufficient notification. There are many options available for funding a TBD, including a 0.2% increase in the local sales tax rate and a per vehicle license fee of up to $100 per car. A license fee of up to $20 per vehicle does not require voter approval. This funding option mandates that the boundary of the TBD be consistent with the boundaries of the City. Revenue collected must be used for qualifying transportation improvements. These include any transportation improvement contained in any existing state or regional transportation plan that is necessitated by existing or reasonably foreseeable congestion levels. Maintenance of existing and new facilities is an eligible expense. The proposal is to implement a fee of $20 per registered vehicle within Tukwila. The fee would generate approximately $120,000 in revenue each year in the General Fund and /or Arterial Street Fund, based on a very rough estimate of approximately 6,000 registered vehicles within the city limits. Implementation of a $20 per vehicle license fee could be accomplished with relatively little administrative burden. The fee would be assessed and collected by the Department of Licensing and remitted to the City by the State Treasurer on a monthly basis. The fee will not be collected by DOL until six months after authorization of the fee by the TBD governing body. ANNUAL REVENUE INCREASE LESS: COST OF PROGRAM ADMINISTRATION 2010 2011+ $120,000 ANNUAL NET INCREASE $120,000 The City could decide to fund the TBD through another mechanism, such as an increase in the local sales tax rate, an excess property tax levy or through vehicle tolls. All of these options, though, require voter approval. The City could also decide to not create a TBD at all, and continue to fund such improvements through an allocation of sales tax receipts. temp \xpgrpwise \revenue enhancement proposal tbd.docx /sdh Page 1 305