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Transportation Benefit District revenue falls short after state estimating glitch, staff warns
Summary
City staff told Spokane Valley council a Department of Licensing estimating error reduced expected Transportation Benefit District vehicle counts and left the city about $986,000 below earlier projections for 2025, creating a recurring shortfall for street maintenance.
City staff told the Spokane Valley City Council on March 4 that an apparent Department of Licensing (DOL) estimating error reduced the city’s expected Transportation Benefit District (TBD) license-fee revenue and will leave the street-maintenance fund with a recurring shortfall.
Chelsea, a finance staff member, said staff originally used a DOL estimate of 140,676 vehicles to calculate TBD fee revenue and budgeted roughly $2.7 million annually. After…
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