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TBD annual report shows miles paved, healthy pavement condition and funding choices ahead for Lacey
Summary
City staff presented the Transportation Benefit District 2024 annual report: roughly $3.9 million revenue in 2024, $2.5 million expenditures, $4.4 million year-end fund balance, and 77.48 lane miles improved since TBD inception. Council directed staff to bring the report forward for council action on the consent agenda.
Transportation staff presented the Transportation Benefit District (TBD) 2024 annual report to the Lacey City Council on Oct. 14, summarizing funding, pavement-management results and planned projects, and asking the council to schedule the report for final action.
Brian Petren, the city’s transportation engineer, told council 2024 TBD revenues were about $3,900,000, with total expenditures of about $2,500,000 and an ending fund balance of roughly $4,400,000. Petren said TBD funds have supported 77.48 lane miles of roadway improvement across the city and total…
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