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Committee flags insufficient street-repair funding, staff to pursue grants and SDC methodology update
Summary
The committee noted insufficient funds for street repairs and discussed the small-city allotment grant. Staff said they may raise System Development Charges to the maximum allowed and apply to RARE for help updating the SDC methodology report.
Budget materials and committee discussion flagged that the State Street Tax Fund and available allocations by population leave insufficient local funds to address needed street repairs. Members discussed pursuing small-city allotment grants and other funding opportunities to support street projects.
Staff reported they are considering raising System Development Charges (SDCs) to the maximum allowed and may apply to RARE for assistance updating the SDC methodology report. Those technical steps are intended to improve revenue projections for future street and development-related capital needs.
