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The Seattle Transportation Benefit District Board is planning to meet on Monday, December 1st at 2:30 p.m. (or after the conclusion of the 2:00 p.m. Seattle Full Council meeting).
This meeting will be held in Council Chambers.
On September 20, 2010, the Seattle City Council passed Ordinance 123397, creating a Transportation Benefit District in the City of Seattle, known as the Seattle Transportation Benefit District ("STBD"). The STBD Governing Board is comprised of all Seattle City Councilmembers. Upon establishing the STBD, a $20 annual vehicle license fee was implemented and enacted in May 2011.
On July 17, 2014, the STBD voted 8-0 to place a measure on the November 2014 General Election ballot that would raise revenue to preserve King County Metro Transit service. More information on this proposal can be found here.
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What is a Seattle Transportation Benefit District (STBD)?
In 1987, the State Legislature created Transportation Benefit Districts (TBDs) as an option for local governments to fund transportation improvements. Chapter 36.73 of the Revised Code of Washington provides for the establishment of TBD by cities and counties to levy and impose various taxes and fees to generate revenues to support transportation improvements within the district. A TBD is a quasi-municipal corporation and independent taxing district created for the sole purpose of acquiring, constructing, improving, providing, and funding transportation improvements within the district.
In 2005 and 2007, the Legislature amended the TBD statute to expand its uses and revenue authority, including the ability to authorize a $20 annual vehicle license fee (VLF), and up to an additional $80 of VLF, if approved by voters within the district.
The state legislature provided local governments with these tools because inflation has eroded the local share of gas tax and a series of statewide ballot initiatives passed over the last 12 years have eliminated other traditional sources of funding for local transportation needs.