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Shelton council weighs diverting REIT and a TBD sales tax to shore up street maintenance
Summary
Council discussed reducing the general‑fund transfer to the street fund from $400,000 and using real estate excise tax (REIT) or a 0.1% Transportation Benefit District (TBD) sales tax to stabilize street operations; staff cautioned REIT is a limited capital source and not a sustainable long‑term substitute for ongoing street operations.
Council members and staff discussed multiple options to fund street maintenance at the Sept. 23 study session, including continuing some general‑fund transfers, dedicating real estate excise tax (REIT) proceeds to the street fund, or placing a 0.1% Transportation Benefit District (TBD) sales tax on the ballot.
City staff noted the 2025 budget included a $400,000 general‑fund allocation to the street fund and said the 2026 baseline initially removed that…
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