City Council May 20, 2014
Streets Funding Options Options for funding: Street Maintenance Sales Tax = Approx. $2M/year Franchise/Right of Way Fees (State regulated and different for each utility – requires research) Cable Gas Water Sewer Electricity Telephone
Streets Funding Options Options for funding (continued): Existing Allocation for Capital Projects ($1.5M available for allocation; $250K currently allocated for fire truck) Current Storm Water Fees (legality–requires research) Increase to Storm Water Fee Street Assessment (requires research) Street Maintenance User Fee (EX: Corpus Christi) Property Tax – One Cent = Approx. $360K/year
Streets Funding Options Options for funding (continued): Current fees that could be utilized to free up revenues for use on street maintenance Credit Card Fees – charged by some depts. (convenience fee) License & Permit Fees Other Fines and Fees
Streets Funding Options Options for funding (continued): Additional fees, not currently charged, that could be utilized to free up revenues for use on street maintenance Cemetery Tax Coin Operated Machine Tax Impact Fees Venue Tax (limited use)
Streets Funding Options Decrease in Annual Debt Service Requirement or Issuance of Debt