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City briefed on new Transportation Benefit District revenue and possible uses
Summary
Finance director Jeff Albrecht briefed the council on June 17 about TBD revenue from a 0.1% sales tax that took effect Jan. 1, 2025; the tax is projected to yield about $400,000 in 2025 and approximately $500,000 annually thereafter, and staff advised considering maintenance, sidewalks and grant‑matching uses.
Jeff Albrecht, the city's director of finance and interim city administrator, briefed the council on June 17 on revenue and possible uses for the Transportation Benefit District (TBD) sales tax the council established last year.
Albrecht said the TBD was formed by council resolution on April 11, 2023, and that the council authorized the first one‑tenth of one percent (0.1%) sales tax on Sept. 28, 2024; the tax took effect on Jan. 1, 2025. Because of reporting timelines, the city began receiving the TBD sales‑tax receipts in March 2025. Albrecht told the council the tax is projected to generate a little more than $400,000 in 2025 and about $500,000…
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