What is a Transportation Benefit District?
A Transportation Benefit District (TBD) is an entity created for the sole purpose of acquiring, constructing, improving, providing and funding transportation improvements within the established District. Under RCW 36.73 the Washington State legislature permits local governments to form a TBD and fund it through a variety of funding mechanisms, the most common being a Vehicle license fee.
If approved, Richland's TBD will focus on two important transportation system needs:
Complete the funding package needed to deliver the Duportail Bridge project. The City has secured the majority of funding for the Bridge, but some local funds are needed to complete the package.
Increase funding dedicated to local street resurfacing. Several recent street condition surveys indicate that increased investment is needed to stem a trend toward poorer conditions. Funding sources dedicated to the Pavement Preservation Program are not indexed for inflation and lose buying power over time. This requires the City to set aside General Fund tax revenues that are also needed for public safety, parks, and the Library. The TBD will provide additional dedicated funding for street resurfacing.
When will the Richland TBD fee go into effect?
The City Council will consider formation of the TBD in February 2017. Assuming successful formation, collection of the vehicle license renewal fees will begin in January 2018.
Will the TBD and vehicle fee expire once the Duportail Bridge is paid for?
Yes. The fee will sunset when the debt issued to fund the Duportail Bridge is retired. The sunset provision will allow a future City Council to reassess its funding solution for the Pavement Preservation Program.
Please follow the links below for additional information on Richland's proposed TBD:
Please contact Public Works at email@example.com or at (509)942-7500 with questions regarding Richland's TBD.