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Planning 2013-05-23 Appendix D - 2030 Revenue Forecasts for Transportation Capital Projects
City of Tukwila: Background Report for the Transportation Element of the Comprehensive Plan Update Transportation Analysis and 2030 Improvement Recommendations May 2012 APPENDIX D: 2030 REVENUE FORECASTS FOR TRANSPORTATION CAPITAL PROJECTS FEHRkPEERS Henderson, Young & Company TO: Tom Noguchi - Fehr & Peers FROM: Randy Young DATE: September 19, 2011 RE: Initial Research for Tukwila Transportation Funding MEMORANDUM In preparation for our meeting with City staff on September 26th I have reviewed the City's funding of transportation capital improvements during the past 5 years (2006 - 2010), and their planned funding in the City's CIP for 2011 -2016. Attached to this memo is a compilation of my initial research, It contains the following information that may be useful for our discussions with City staff: Page Initial Research 1 Transportation project expenditure "capacity" 2 2006 -2010 expenditures on transportation projects 3 -4 2011-2016 CIP for transportation projects 5 List of existing and potential transportation funding sources and amounts that would be received 2010 -2030 if annual revenue = the same as the average of 2006 -2010 actual expenditures from each source of funding 6 Bond proceeds 2006 -2016 and 20 -year projection 7 Grants 2006 -2016 and 20 -year projection 8 Sales tax 2006 -2016 and 20 -year projection 9 REET 2006 -2016 and 20 -year projection 10 Development payments 2006 -2016 and 20 -year projection 11 Interest and other earnings 2006 -2016 and 20 -year projection 12 Parking tax 2006 -2016 and 20 -year projection 13 Motor vehicle tax 2006 -2016 and 20 -year projection 14 City operating revenue 2006 -2016 and 20 -year projection Please keep in mind that THIS INITIAL RESEARCH IS NOT OUR ESTIMATE OF LIKELY REVENUE FOR TRANSPORTATION CAPITAL IMPROVEMENTS. We will prepare our estimates after meeting with City staff during which we will discuss assumptions I should use. Two important questions for discussion are: 1. Which sources of revenue should be included in the initial estimates? 2. What basis and /or assumptions should be used for each estimate? Feel free to share this memo and initial research compilation with City staff prior to the September 26th meeting, or we can distribute it at the meeting. Tukwila Transportation Project Expenditure "Capacity" Tukwila's transportation project expenditure "capacity" is not a forecast of future expenditures, nor is it a forecast of future revenues. The "capacity" indicates how much Tukwila's 20 -year Transportation Plan could cost if it continued to incur expenditures in the future that are similar to the level of expenditures in the recent past and /or the planned level of expenditures in the most recently adopted CIP. The "capacity" calculation begins by determining the annual average expenditures for transportation projects. Three averages are calculated. The first annual average is based on the actual expenditures during 2006 - 2010. The second annual average is based on the adopted CIP for 2011 - 2106. The third annual average is based on the combined data for 2006 - 2106. Each annual average is multiplied times the 20 -year period covered by the Transportation Plan. The result is the amount that Tukwila would spend in the next 20 years if it continued spending at the same annual rate as the recent past and /or near future. Conclusion: Tukwila has the "capacity" to manage and construct transportation projects during the next 20 years in the range of $280 - $306 million. Year 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 2006 -2010 Multiplier Actual for 3% Amount Inflation 22,036,352 18,889,825 2,580,491 15,532,035 3,954,925 1.16 1.13 1.09 1.06 1.03 Inflation Adjusted Amount 25,546,172 21,260,664 2,819,772 16,477,936 4,073,573 2011 -2016 CIP 37,623,000 5,869,000 5,147,000 16,072,000 22,272,000 4,830,000 2006 -2016 Combined 25,546,172 21,260,664 2,819,772 16,477,936 4,073,573 37,623,000 5,869,000 5,147,000 16,072,000 22,272,000 4,830,000 Total Annual Average "Capacity" = 20 years @ Annual Average Henderson, Young & Company 62,993,628 12,598,726 70,178,117 14,035,623 91,813,000 15,302,167 161,991,117 14,726,465 280,712,468 306,043,333 294,529,303 1 Tukwila Transportation Project Expenditures: 2006 -2010 $30,000,000 $25,000,000 $20,000,000 c o $15,000,000 E Q $10,000,000 $5,000,000 $0 — —Actual Amount Tukwila Project Expenditures: 2006 - 2010 --Inflation Adjusted Amount 0 0 N 0 0 N 0 0 0 N Year rn 0 0 0 0 Inflation Multiplier for Adjusted Year Actual Amount 3% Inflation Amount 2006 22,036,352 1.16 25,546,172 2007 18, 889, 825 1.13 21, 260, 664 2008 2,580,491 1.09 2,819,772 2009 15, 532, 035 1.06 16, 477, 936 2010 3,954,925 1.03 4,073,573 Total 62,993,628 70,178,117 Annual Average 12,598,726 14,035,623 Average Annual % Increase - 29.07% - 30.73% Estimate = 20 years @ Annual Average 280,712,468 Henderson, Young & Company 2 Tukwila CIP Project Funding During 2011 -2016 (excludes prior to 2011 and after 2016) All amounts are $ x 1,000 Project Total 2011 2012 2013 2014 2015 2016 Awarded Grant Southcenter Pkwy 6,442 6,442 Tukwila Urban Center Access 8,250 8,250 Tukwila Urban Center Ped /Bike 517 517 Tukwila Urban Center - Transit 468 468 Total: Awarded Grant 15,677 15,209 468 0 0 0 0 Proposed Grant Tukwila Urban Center Ped /Bike 5,200 5,200 Tukwila Urban Center - Transit 1,035 1,035 Boeing Access Rd 24,588 1,400 1,400 10,894 10,894 Total: Proposed Grant 30,823 0 1,400 2,435 10,894 16,094 0 Awarded + Proposed Grant 46,500 15,209 1,868 2,435 10,894 16,094 0 LID Tukwila Urban Center Access 11,545 11,545 Bond Southcenter Pkwy 4,356 4,356 Boeing Access Rd 6,146 350 350 2,723 2,723 Total: Bond 10,502 4,356 350 350 2,723 2,723 0 Impact Fees S 144 St Phase II 68 68 Andover Park West 981 981 Macadam Rd & S 144th St 1 1 Andover Park E /Minkler Blvd 55 55 West Valley Hwy /S 156 St 75 75 Andover Park E /Industry Dr 75 75 S 133 St /SR 599 20 20 E Marginal Way 50 50 Total: City Oper Revenue 1,325 294 1,031 0 0 0 0 Park Impact Fees Tukwila Urban Center Ped /Bike 1,600 80 1,520 Mitigation Expected Southcenter Pkwy 3,458 3,458 Impact Fees + Mitigation 6,383 3,752 1,031 0 80 1,520 0 Henderson, Young & Company 3 Project Total 2011 2012 2013 2014 2015 2016 City Oper. Revenue Tukwila Urban Center Ped /Bike 820 20 800 Tukwila Int'I Blvd Phase III 0 Interurban Ave S 0 Tukwila Urban Center - Transit 797 682 115 Tukwila Int'I Blvd Phase II 25 25 Strander Blvd Extension to SW 0 Andover Park West 603 123 480 Macadam Rd & S 144th St 16 16 Andover Park E /Minkler Blvd 667 20 45 602 Andover Park East /Industry Dr 525 25 500 Annual Overlay & Repair 8,660 1,250 1,350 1,450 1,500 1,550 1,560 Annual Traffic Signal Program 525 100 100 105 105 115 Walk & Roll Program 0 Transp Element of Comp Plan 250 250 40 -42 Ave South 3,450 150 300 3,000 Annual Bridge Insp & Rep 1,365 145 205 205 270 270 270 Total: City Oper Revenue 16,883 2,761 2,620 2,362 2,375 1,935 4,830 Grand Total 91,813 37,623 5,869 5,147 16,072 22,272 4,830 Henderson, Young & Company 4 Tukwila Transportation Revenues 2010 - 2030 Source of Revenue Low High Average Estimate Estimate Existing Revenue Sources for Capital Page 6 Bond Proceeds for Transportation 81,384,269 7 Grants for Transportation 65,269,743 8 Sales Tax for Transportation 41,466,466 9 Real Estate Excise Tax for Transportation 13,164,774 10 Development Payments for Transportation 10,490,189 11 Interest & Other Earnings for Transportation 4,146,421 12 Parking Tax 2,740,042 13 Motor Vehicle Tax 2,410,582 14 City Operating Revenue ? Head Tax Total: Existing Revenue for Capital 221,072,485 0 0 Potential Additional Revenue Sources for Capital A. Impact Fees - Reciprocal from King County B. Business License Fee for Transportation C. Voted General Obligation Bonds D. Business and Occupations Tax E. Transportation Benefit District F. G. Total: Potential Additional Revenue for Capital 0 0 0 Combined Total for Capital: Existing + Potential 221,072,485 0 0 Henderson, Young & Company 5 Tukwila Bond Proceeds $14,000,000 $12,000,000 $10,000,000 $8,000,000 $6,000,000 $4,000,000 $2,000,000 $0 Tukwila Bond Proceeds: 2006 - 2016 and 20 -year Projections • VD N CO o+ 0 .-1 N m 7 ul l0 N CO Cr, 0 .-1 N M 7 ul VD N 0 Cr, 0 +Actual 2006 -2010 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 IN 0 0 N N 0 N 0 0 0 + N N N N N N N N N N N N N N N N N N N N N N N N N 2011 -16 CIP Expenditures —M-20 Yrs @ 2006 -2010 Average +20 Yrs @ 2010 Amount +20 Yrs @ % Change Yea r 20 Yrs @ Actual 2006- 2011 -16 CIP 2006 -2010 20 Yrs @ 20 Yrs @ % Year 2010 Expenditures Average 2010 Amount Change 2006 7,651,932 2007 11,725,275 2008 0 2009 0 2010 0 3,875,441 0 0 2011 4,356,000 3,875,441 0 0 2012 350,000 3,875,441 0 0 2013 350,000 3,875,441 0 0 2014 2,723,000 3,875,441 0 0 2015 2,723,000 3,875,441 0 0 2016 0 3,875,441 0 0 2017 3,875,441 0 0 2018 3,875,441 0 0 2019 3,875,441 0 0 2020 3,875,441 0 0 2021 3,875,441 0 0 2022 3,875,441 0 0 2023 3,875,441 0 0 2024 3,875,441 0 0 2025 3,875,441 0 0 2026 3,875,441 0 0 2027 3,875,441 0 0 2028 3,875,441 0 0 2029 3,875,441 0 0 2030 3,875,441 0 0 81,384,269 0 0 2006 -2010 Annual Average 3,875,441 2006 -2010 Average Annual % Increase -100.00% Henderson, Young & Company 6 Tukwila Grants Revenue $18,000,000 - $16,000,000 $14,000,000 $12,000,000 $10,000,000 3 $8,000,000 $6,000,000 $4,000,000 $2,000,000 $0 Tukwila Grants Revenue: 2006 - 2016 and 20 -year Projections l0 N oo a, 0 .-1 N M • Ln V) N CO 01 0 N CO ▪ ul l0 N CO al 0 —or—Actual 2006-2010 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 IN 0 12011 -16 CIP Expenditures N N N N N N N N N N N N N N N N N N N N N N N N N -M-20 Yrs @ 2006 -2010 Average - -20 Yrs @ 2010 Amount - -20 Yrs @ % Change Yea r 20 Yrs @ Actual 2006- 2011 -16 CIP 2006 -2010 20 Yrs @ 20 Yrs @ % Year 2010 Expenditures Average 2010 Amount Change 2006 2,179,145 2007 2,015,737 2008 706,390 2009 8,807,788 2010 1,831,355 3,108,083 1,831,355 1,831,355 2011 15,209,000 3,108,083 1,831,355 1,753,453 2012 1,868,000 3,108, 083 1,831,355 1,678,865 2013 2,435,000 3,108,083 1,831,355 1,607,450 2014 10, 894, 000 3,108, 083 1,831,355 1,539,072 2015 16,094,000 3,108,083 1,831,355 1,473,603 2016 0 3,108,083 1,831,355 1,410,919 2017 3,108,083 1,831,355 1,350,902 2018 3,108,083 1,831,355 1,293,437 2019 3,108,083 1,831,355 1,238,417 2020 3,108,083 1,831,355 1,185,738 2021 3,108,083 1,831,355 1,135,299 2022 3,108,083 1,831,355 1,087,006 2023 3,108,083 1,831,355 1,040,767 2024 3,108,083 1,831,355 996,495 2025 3,108,083 1,831,355 954,106 2026 3,108,083 1,831,355 913,520 2027 3,108,083 1,831,355 874,661 2028 3,108,083 1,831,355 837,455 2029 3,108,083 1,831,355 801,831 2030 3,108,083 1,831,355 767,723 65,269,743 38,458,455 25,772,072 2006 -2010 Annual Average 3,108,083 2006 -2010 Average Annual % Increase - 4.25% Henderson, Young & Company 7 Tukwila Sales Tax Revenue 3 O E $3,000,000 $2,500,000 $2,000,000 $1,500,000 $1,000,000 $500,000 $0 Tukwila Sales Tax Revenue: 2006 - 2016 and 20 -year Projections to r` co a, O - N Tr ut to r\ co a, o .ti N m V' vl N CO Cr, 0 0 0 O 0 .ti ti ti .ti .-i .-i .-i .-i .-i - N N N N N N N N N N M i- Actual 2006 -2010 0 0 0 0 0 0 0 0 0 o O o 0 0 0 0 0 0 0 0 0 0 0 0 0 -W-2011-16 CIP Expenditures N N N N N N N N N N N N N N N N N N N N N N N N N -0-20 Yrs @ 2006 -2010 Average t20 Yrs @ 2010 Amount Year -r20 Yrs @ % Change Actual 2006- 2011 -16 CIP 2006 -2010 20 Yrs @ 20 Yrs @ Year 2010 Expenditures Average 2010 Amount Change 2006 2,675,938 2007 2,600,000 2008 2,700,000 2009 1,462,616 2010 434,414 2011 2012 2013 2014 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026 2027 2028 2029 2030 2006 -2010 Annual Average 1,974,594 2006 -2010 Average Annual % Increase -36.52% Henderson, Young & Company 1,000 1,000 1,000 1,000 1,000 1,000 1,974,594 434,414 434,414 1,974,594 434,414 275,747 1,974,594 434,414 175,032 1,974,594 434,414 111,103 1,974,594 434,414 70,523 1,974,594 434,414 44,765 1,974,594 434,414 28,415 1,974,594 434,414 18,037 1,974,594 434,414 11,449 1,974,594 434,414 7,267 1,974,594 434,414 4,613 1,974,594 434,414 2,928 1,974,594 434,414 1,859 1,974,594 434,414 1,180 1,974,594 434,414 749 1,974,594 434,414 475 1,974,594 434,414 302 1,974,594 434,414 192 1,974,594 434,414 122 1,974,594 434,414 77 1,974,594 434,414 49 41,466,466 9,122,694 1,189,296 8 k-A Tukwila Real Estate Excise Tax Revenue O E 4 $1,800,000 - $1,600,000 $1,400,000 $1,200,000 $1,000,000 $800,000 $600,000 $400,000 $200,000 $0 Tukwila REET Tax Revenue: 2006 - 2016 and 20 -year Projections ♦Actual 2006 -2010 12011 -16 CIP Expenditures -*-20 Yrs @ 2006 -2010 Average 120 Yrs © 2010 Amount -A-20 Yrs @ % Change 50 N CO 01 O N m rn 50 N CO 0T O .-I N M 7 V1 t0 N CO 01 O O O 0 0 0 0 0 0 0 N 0 0 0 0 N N N N N N N N N N o 0 0 o O o o O o O O o o O o o O O o O o O O o 0 0 N N N N N N N N N N N N N N N N N N N N N N N N N Year 20 Yrs @ Actual 2006- 2011 -16 CIP 2006 -2010 20 Yrs @ 20 Yrs @ % Year 2010 Expenditures Average 2010 Amount Change 2006 1,530,994 2007 1,049,090 2008 413,928 2009 127,493 2010 12,965 626,894 12,965 12,965 2011 250,000 626,894 12,965 3,933 2012 258,000 626,894 12,965 1,193 2013 265,000 626,894 12,965 362 2014 273,000 626,894 12,965 110 2015 281,000 626,894 12,965 33 2016 290,000 626,894 12,965 10 2017 626,894 12,965 3 2018 626,894 12,965 1 2019 626,894 12,965 0 2020 626,894 12,965 0 2021 626,894 12,965 0 2022 626,894 12,965 0 2023 626,894 12,965 0 2024 626,894 12,965 0 2025 626,894 12,965 0 2026 626,894 12,965 0 2027 626,894 12,965 0 2028 626,894 12,965 0 2029 626,894 12,965 0 2030 626,894 12,965 0 13,164,774 272,265 18,611 2006 -2010 Annual Average 626,894 2006 -2010 Average Annual % Increase -69.66% Henderson, Young & Company 9 Tukwila Development Payments Revenue $4,000,000 - $3,500,000 $3,000,000 $2,500,000 4.1 C 0 $2,000,000 is $1,500,000 $1,000,000 $500,000 - $0 Tukwila Development Payments Revenue: 2006 - 2016 and 20 -year Projections N oo cn O .-1 N m 7 In N CO Pi 0 N rn 7 t!7 lO N W al 0 -A-Actual 2006-2010 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 N N 0 N 0 0 0 IN o 12011 -16 CIP Expenditures N N N N N N N N N N N N N N N N N N N N N N N N N --20 Yrs @ 2006 -2010 Average - -20 Yrs @ 2010 Amount -X-20 Yrs @ % Change Yea r 20 Yrs @ Actual 2006- 2011 -16 CIP 2006 -2010 20 Yrs @ 20 Yrs @ % Year 2010 Expenditures Average 2010 Amount Change 2006 803,541 2007 1,006,649 2008 61,844 2009 127,622 2010 498,008 499,533 498,008 498,008 2011 3,752,000 499,533 498,008 441,869 2012 1,031,000 499,533 498,008 392,058 2013 0 499,533 498,008 347,862 2014 80,000 499,533 498,008 308,649 2015 1,520,000 499,533 498,008 273,856 2016 0 499,533 498,008 242,985 2017 499,533 498,008 215,594 2018 499,533 498,008 191,290 2019 499,533 498,008 169,727 2020 499,533 498,008 150,594 2021 499,533 498,008 133,618 2022 499,533 498,008 118,555 2023 499,533 498,008 105,191 2024 499,533 498,008 93,333 2025 499,533 498,008 82,812 2026 499,533 498,008 73,477 2027 499,533 498,008 65,194 2028 499,533 498,008 57,845 2029 499,533 498,008 51,324 2030 499,533 498,008 45,538 10,490,189 10,458,168 4,059,377 2006 -2010 Annual Average 499,533 2006 -2010 Average Annual % Increase -11.27% Henderson, Young & Company 10 Tukwila Interest & Other Earnings $450,000 $400,000 $350,000 $300,000 $250,000 O $200,000 $150,000 $100,000 $50,000 $0 Tukwila Interest & Other Earnings: 2006 - 2016 and 20 -year Projections t0 N OD 01 0 1-1 N M e- N 50 N 00 01 0 rl N m U1 V1 N CO 01 0 -6-Actual 2006-2010 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 N 0 0 0 0 12011 -16 CIP Expenditures N N N N N N N N N N N N N N N N N N N N N N N N N -6-20 Yrs @ 2006 -2010 Average -xF20 Yrs @ 2010 Amount -*-20 Yrs @ % Change Yea r 20 Yrs @ Actual 2006- 2011 -16 CIP 2006 -2010 20 Yrs @ 20 Yrs @ Year 2010 Expenditures Average 2010 Amount Change 2006 257,527 2007 381,874 2008 271,729 2009 73,958 2010 2,155 197,449 2,155 2,155 2011 100,000 197,449 2,155 652 2012 103,000 197,449 2,155 197 2013 106,000 197,449 2,155 60 2014 109,000 197,449 2,155 18 2015 113,000 197,449 2,155 5 2016 116,000 197,449 2,155 2 2017 197,449 2,155 0 2018 197,449 2,155 0 2019 197,449 2,155 0 2020 197,449 2,155 0 2021 197,449 2,155 0 2022 197,449 2,155 0 2023 197,449 2,155 0 2024 197,449 2,155 0 2025 197,449 2,155 0 2026 197,449 2,155 0 2027 197,449 2,155 0 2028 197,449 2,155 0 2029 197,449 2,155 0 2030 197,449 2,155 0 4,146,421 45,255 3,089 2006 -2010 Annual Average 197,449 2006 -2010 Average Annual % Increase -69.75% Henderson, Young & Company 11 Tukwila Parking Tax Revenue $180,000 - $160,000 $140,000 $120,000 7 $100,000 O Q $80,000 $60,000 $40,000 $20,000 $0 Tukwila Parking Tax Revenue: 2006 - 2016 and 20 -year Projections 50 N W Q O ,--I N M 7 rn V1 N W 00 O .-I N M 7 V1 t0 N W 05 O Actual 2006 -2010 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 00 Ni Ni 0 Ni Ni 0 12011 -16 CIP Expenditures N N N N N N N Ni N N N N N Ni N N Ni N N N Ni N Ni N N Ni N N N -4-20 Yrs @ 2006 -2010 Average 120 Yrs @ 2010 Amount Year --20 Yrs @ % Change 20 Yrs @ Actual 2006- 2011 -16 CIP 2006 -2010 20 Yrs @ 20 Yrs @ Year 2010 Expenditures Average 2010 Amount Change 2006 138,744 2007 152,701 2008 147,588 2009 155,585 2010 57,773 130,478 57,773 57,773 2011 140,000 130,478 57,773 46,409 2012 140,000 130,478 57,773 37,280 2013 140,000 130,478 57,773 29,947 2014 140,000 130,478 57,773 24,057 2015 140,000 130,478 57,773 19,325 2016 140,000 130,478 57,773 15,524 2017 130,478 57,773 12,470 2018 130,478 57,773 10,017 2019 130,478 57,773 8,047 2020 130,478 57,773 6,464 2021 130,478 57,773 5,193 2022 130,478 57,773 4,171 2023 130,478 57,773 3,351 2024 130,478 57,773 2,692 2025 130,478 57,773 2,162 2026 130,478 57,773 1,737 2027 130,478 57,773 1,395 2028 130,478 57,773 1,121 2029 130,478 57,773 900 2030 130,478 57,773 723 2,740,042 1,213,233 290,757 2006 -2010 Annual Average 130,478 2006 -2010 Average Annual % Increase -19.67% Henderson, Young & Company 12 Tukwila Motor Vehicle Tax Revenue $600,000 - $500,000 $400,000 7 0 $300,000 $200,000 $100,000 $0 Tukwila Motor Vehicle Tax Revenue: 2006 - 2016 and 20 -year Projections N CO 01 N M 7 ul V1 N CO O1 O - N CO N CO 01 O - Actual 2006-2010 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 Ni 0 Ni Ni 0 Ni 0 0 Ni 0 2011-16 CIP Expenditures N N N N N N N N N N N N N N N N N N N N N N N N N t 20 Yrs @ 2006 -2010 Average -4-20 Yrs @ 2010 Amount -4-20 Yrs @ % Change Year 20 Yrs @ Actual 2006- 2011 -16 CIP 2006 -2010 20 Yrs @ 20 Yrs @ % Year 2010 Expenditures Average 2010 Amount Change 2006 127,255 2007 139,024 2008 131,882 2009 126,259 2010 49,528 114,790 49,528 49,528 2011 455,000 114,790 49,528 39,120 2012 469,000 114,790 49,528 30,899 2013 483,000 114,790 49,528 24,405 2014 498,000 114,790 49,528 19,276 2015 512,000 114,790 49,528 15,225 2016 527,000 114,790 49,528 12,026 2017 114,790 49,528 9,499 2018 114,790 49,528 7,502 2019 114,790 49,528 5,926 2020 114,790 49,528 4,680 2021 114,790 49,528 3,697 2022 114,790 49,528 2,920 2023 114,790 49,528 2,306 2024 114,790 49,528 1,822 2025 114,790 49,528 1,439 2026 114,790 49,528 1,136 2027 114,790 49,528 898 2028 114,790 49,528 709 2029 114,790 49,528 560 2030 114,790 49,528 442 2,410,582 1,040,088 234,016 2006 -2010 Annual Average 114,790 2006 -2010 Average Annual % Increase -21.02% Henderson, Young & Company 13 Tukwila City Operating Revenue $6,000,000 $5,000,000 $4,000,000 r 0 $3,000,000 $2,000,000 $1,000,000 $0 Tukwila City Operating Revenue: 2006 - 2016 and 20 -year Projections X Ed R 64 ea bd to Ed Ed • • • Id 64 64 Ed Ed 64 to Ed l0 N cO eT O ,H N M 7 Ln l0 I, CO 01 O ,-1 N M 7 ul 0 N c0 cT O —Actual 2006-2010 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 N N 0 0 +- 2011 -16 CIP Expenditures N N N N N N N N N N N N N N N N N N N N N N N N N -I♦20 Yrs @ 2006 -2010 Average 20 Yrs @ 2010 Amount X20 Yrs @ % Change Yea r 20 Yrs @ Actual 2006- 2011 -16 CIP 2006 -2010 20 Yrs @ 20 Yrs @ % Year 2010 Expenditures Average 2010 Amount Change 2006 0 2007 0 2008 0 2009 0 2010 0 2011 2012 2013 2014 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026 2027 2028 2029 2030 2006 -2010 Annual Average 0 2006 -2010 Average Annual % Increase #NUM! Henderson, Young & Company 0 0 0 2,761,000 0 0 #NUM! 2,620,000 0 0 #NUM! 2,362,000 0 0 #NUM! 2,375,000 0 0 #NUM! 1,935,000 0 0 #NUM! 4,830,000 0 0 #NUM! 0 0 #NUM! 0 0 #NUM! 0 0 #NUM! 0 0 #NUM! 0 0 #NUM! 0 0 #NUM! 0 0 #NUM! 0 0 #NUM! 0 0 #NUM! 0 0 #NUM! 0 0 #NUM! 0 0 #NUM! 0 0 #NUM! 0 0 #NUM! 0 0 #NUM! 14