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Edmonds reports $351,605 in 2024 transportation impact fees; balance grew to about $3.64 million
Summary
Public works staff presented the 2024 Transportation Impact Fee annual report showing $351,605 collected in 2024, interest income of about $221,004.71 and an ending balance of roughly $3.64 million; staff also said the city is converting traffic fees to a multimodal impact fee later in 2025.
Staff presented the 2024 Transportation Impact Fee annual report to Committee A, reporting $351,605 collected in 2024, $221,004.71 in interest income, and an ending fund balance of roughly $3.64 million.
A staff presenter said the beginning balance for 2024 was just over $2.6 million and that since the…
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