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Senate advances change to distribution of Olympic special revenue fund
Summary
Senate Bill 118, adjusting the population-based component of distribution from the Olympic special revenue fund so that funds follow current population rather than prior unincorporated boundaries, passed the Senate 19-8 and moves to the third-reading calendar.
Senate Bill 118, introduced by Senator Waddups, would change how monies set aside for Olympic activities are redistributed to taxing entities when TV and other related receipts are returned. Sponsor described a two-part formula for distribution (50% point-of-purchase, 50% population) and said SB118 would ensure the population-based portion "follows the people" so revenues go to the taxing entities serving current residents rather than the jurisdiction in which the purchases were originally collected.
Sponsor said the change responds to incorporations and annexations since the fund was established, and argued that is fair because municipal services for those residents are now provided by cities rather than unincorporated county governments. Opponents raised that counties provided services at the time and questioned whether counties should receive the returned funds; sponsor said those services were paid for at the time and that the returned money should go to the people who paid it. The Senate voted; the presiding officer announced SB118 received 19 yes votes, 8 nays, and 2 absent and passed to the third-reading calendar.
