HomeMy WebLinkAboutFS 2013-06-18 Item 2B - Discussion - Options for Enhancing RevenuesTO:
City of Tukwila
Jim Haggerton, Mayor
INFORMATIONAL MEMORANDUM
Mayor Haggerton
Finance & Safety Committee
FROM: Peggy McCarthy, Finance Director
BY: Vicky Carlsen, Deputy Finance Director
DATE: June 12, 2013
SUBJECT: Options for Enhancing Revenues
ISSUE
Research options for enhancing revenues.
BACKGROUND
At the January 14, 2013 City Council Committee of the Whole Councilmember Robertson, as
Chair of the Finance and Safety Committee, distributed a draft of committee goals that included
researching revenue increases and expenditure decreases. Various revenue options will be
brought to committee for discussion and possible action.
DISCUSSION
The Finance department, in conjunction with other departments, will provide information on the
following revenue options: increasing false alarm fees, creating a Transportation Benefit District
(TBD), and charging for cleanup following motor vehicle accidents (MVA) on Interstates 5 and
405.
Increasing false alarm fees:
Finance will coordinate with both Police and Fire to determine the false alarm fee schedules.
False alarm fees charged by surrounding jurisdictions and City false alarm statistics will be
considered when determining what false alarm fees should be.
Transportation Benefit District:
We will provide information on what a TBD is, how they are formed, revenue options available
within a TBD, as well as a list of other jurisdictions that have created TBDs and their revenue
choices. TBDs have been discussed at the Transportation Committee. Efforts with this
potential revenue stream will be coordinated with the Transportation Committee.
Charging for clean -up following MVAs:
Research for this revenue option will be coordinated with Fire and will explore all potential
avenues for recovering costs related to MVAs, not only on interstates, but City streets as well.
CONCLUSION
Finance will provide estimates for each potential revenue source. Additional revenue sources
will be explored later in the year, as time permits.
RECOMMENDATION
For Information Only.
7