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HomeMy WebLinkAbout040326 WWU Ferry Study Executive Summary1 Washington State Ferry System Economic Impact Study: Executive Summary December 2024 Dylan Braund James Mark Gbeda McK Mollner Jennifer Noveck, Ph.D. Tony Peterson 2 About the Authors The Center for Economic and Business Research is a research center at Western Washington University located within the College of Business and Economics. In addition to publishing the Puget Sound Economic Forecaster, the Center connects the resources found throughout the University to assist for-profit, non-profit, government and quasi-government agencies, and tribal communities in gathering and analyzing useful data to respond to specific questions. We use a number of collaborative approaches to help inform our clients so that they are better able to hold policy discussions and craft decisions. The Center employs students, staff, and faculty from across the University as well as outside resources to meet the needs of those we work with. Our work is based on academic approaches and rigor that not only provide a neutral analytical perspective but also provide applied learning opportunities. We focus on developing collaborative relationships with our clients and not simply delivering an end product. The approaches we utilize are insightful, useful, and are all a part of the debate surrounding the topics we explore; however, none are absolutely fail-safe. Data, by nature, is challenged by how it is collected and how it is leveraged with other data sources. Following only one approach without deviation is ill advised. We provide a variety of insights within our work – not only on the topic at hand but also the resources (data) that inform that topic. We are always seeking opportunities to bring the strengths of Western Washington University to fruition within our region. If you have a need for analysis work or comments on this report, we encourage you to contact us at 360-650-3909 or by email at cebr@wwu.edu. The Center for Economic and Business Research is directed by Hart Hodges, Ph.D. and James McCafferty. To learn more about CEBR visit us online at https://cebr.wwu.edu or follow us online through your favorite social media stream. facebook.com/westerncebr twitter.com/PugetSoundEF linkedin.com/company/wwu-center-for-economic-and-business-research instagram.com/wwucebr 3 Key Terms and Definitions This page provides a summary of key terms and definitions related to IMPLAN economic impact analyses. The economic impact of an industry consists of three types of effects, which sum to the total effect: direct, indirect, and induced. Definitions are drawn from Slovachek (2023). Direct A direct effect is the initial exogenous change in the final demand in terms of industry output, employment, or labor income. Put simply, direct effects are economic effects of the Washington State Ferries (WSF) itself. This includes employment created by the WSF as well as the wages and benefits paid to employees. Indirect An indirect effect is the economic effect on entities outside of WSF due to WSF’s activities. Indirect effects are the business-to-business purchases in the regional supply chain that result from the initial spending. Thus, changes in wages or jobs in sectors that are linked or related to the WSF are considered indirect impacts. For example, when/if WSF purchases a new vessel that is manufactured by a firm located within Washington State, that spending generates additional jobs and wages within Washington State. Induced An induced effect is the economic effect of the additional spending that occurs due to labor income derived directly from WSF or indirectly via additional supply chain spending. For example, changes in household spending due to changes in economic activity or employment by the WSF. Put another way, it demonstrates how the WSF’s economic activity causes ripple effects through the local economy. There are also four key economic indicators that IMPLAN reports as economic effects for U.S. models: output, value-added, labor income, and employment. Each indicator is based on the Leontief Production Function for a given industry in the selected region in a given year, which demonstrates the interconnectedness of the economy. Additionally, IMPLAN reports impacts to state and federal tax revenues. From these estimated effects, multipliers can also be calculated. Definitions are drawn from Clouse (2019) and Nealy (2023). Employment Employment in IMPLAN analysis is an industry-specific mix of full-time, part-time, and seasonal employment. It is an annual average that accounts for seasonality. IMPLAN follows the same definition as Bureau of Economic Analysis (BEA) and Bureau for Labor Statistics (BLS), which allows for full-time/part-time annual average. Thus, one job lasting 12 months is the same as two jobs lasting six months each and three jobs lasting four months each, and so on. A job can be either full-time or part-time. Similarly, a job that lasts one quarter of the year would be 0.25 4 jobs. Note that a person can hold more than one job, so the job count is not the same as the count of employed persons. Jobs in IMPLAN are not the same as a full-time equivalent (FTE) number, but can be converted to FTEs (Clouse 2017). Labor Income (LI) Labor income is the sum of compensation paid to employees (e.g. wages and salaries, benefits, and payroll taxes) and payments received by self-employed individuals and/or unincorporated businesses in a given year. Multipliers Multipliers are rates of change that indicate the implications a specific change a sector or agency has on the economy. In this case, this is the rate of change WSF has on the Washington State’s economy. For example, an output multiplier of 2.25 means that for an additional $1.00 in output in a sector, the overall economy sees an additional $1.25 of output in other sectors (for a total increase of $2.25). There are two types of Multipliers: Type 1 Multipliers and Social Accounting Matrix (SAM) Multipliers. Both are further described in the Methodology section below. Output Output is the value of the economic activity within a given time period. In this case, it is the value of the economic activity of the WSF’s economic activity in Fiscal Year 2023 (FY23). State and Federal Tax IMPLAN also includes a tax impact report, which captures all tax revenue in the study area(s) across all levels of government that exist in that study area for the specific Industries and Institutions affected by an Event or group of Events. State and federal tax impacts are not reported in this study because WSF is a public agency rather than an industry. Put another way, WSF is not a traditional tax-paying sector as it is a state-operated, managed, and funded agency within the transportation sector. Value Added (VA) This is a metric used to quantify how much an industry contributes to the Gross Domestic Product (GDP). It is the difference between the overall output of the industry and the expenses they incur on intermediate inputs. Value added is not reported in this study because WSF system is not a typical production-industry or sector. It is a publicly operated, managed, and funded agency within the transportation sector with connections to many other Washington State sectors such as tourism, recreation, and retail. 5 Section 1: Introduction and Background “We are connected by water.” – The Maritime Washington National Heritage Area Management Plan (2022) This study was conducted at the request of the Washington State Legislature and is funded by the Multimodal Transportation Account as a State Appropriation. According to the appropriation description: The study must examine the impacts on a statewide and systemwide basis, on all 10 routes of service provided by the Washington state ferries. Specifically, the study must analyze the direct economic impact of Washington state ferry system spending, along with peer-reviewed, estimated ranges of indirect impacts on economic activities supported by the ferry fleets’ movement of passengers and freight as it relates to tourism, labor, and commerce. The study must also include a review of key factors that impact the overall economy of both ferry-served communities and the state economy, which may include impacts on housing, health care costs and access, emergency response, climate resilience, and small business. To say that the Washington State Ferries (WSF) are an integral part of Washington State’s economy and culture is an understatement. The WSF system is the largest ferry system in the United States and the second largest vehicular ferry system in the world, transporting over nine million vehicles in 2023 (WSF System Facts 2024). Created in 1951, WSF is a core component of the Washington State Department of Transportation (WSDOT). The Assistant Secretary (Executive Director) of Washington State Ferries, currently Steve Nevey, reports to the Deputy Secretary of Transportation, Mike Gribner. WSF operates 20 terminals on 10 routes (with service to Sidney, British Columbia currently suspended) with a fleet of 21 auto-passenger vessels. Importantly, WSF is part of the state highway network, serving eight Western Washington counties: Island, Jefferson, King, Kitsap, Pierce, San Juan, Skagit, and Snohomish. They provide a connection for emergency services on and off several islands, including but not limited to Vashon Island, the San Juan Islands, and Whidbey Island. The ferries were constructed specially to accommodate commercial vehicles and as such they give priority loading for freight. The agency has nearly 2,000 employees and works with 16 unions to manage 13 collective bargaining agreements. It is the 3rd largest transit system in Washington (WSF System Facts 2024). WSDOT’s WSF division operates on the homelands of the Coast Salish Peoples, who have lived in the Salish Sea basin, throughout the San Juan Islands and North Cascades and Olympic watersheds, since time immemorial. Washington State Ferries is devoted to setting precedence 6 for acknowledgment and gratitude to the first inhabitants of the Salish Sea region as leaders for their continuing care and protection of our shared lands and waterways. It is important to note that this study is the first comprehensive economic impact analysis of WSF. The study’s commission by the Washington State Legislature and funding via the Multimodal Transportation Account underscores the strategic importance of WSF to Washington State, Washington State’s economy and cultural fabric. Given this important role, this study was subject to both WSF and peer review. WSF and the Association for University Business and Economic Research (AUBER) were both provided with a draft for edits and comments in November 2024. Comments and edits were received from WSF after internal review and this report was updated accordingly. Two sets of comments were received from AUBER reviewers, both of which highlighted the extensive detailed nature of the report and deserving of the AUBER seal of approval. AUBER comments and suggested edits were carefully reviewed and incorporated. All reviewers agreed that this study used methodologies and analytical frameworks that reflect industry and academic best practices. The rest of the Executive Summary proceeds as follows. Section 1.1 describes and defines economic impact analysis. Section 1.2 describes the methodology behind IMPLAN analysis, including the Input-Output Models and the Outputs and Multipliers generated by IMPLAN. After that, the data used for the economic impact is described, followed by a section describing the Washington State model inputs. Section 2 presents the estimated economic impacts of WSF expenditures in 2023 on Washington State economy. It also discusses the impact of WSF on freight movement. Due to space considerations Other Key Factors impacting Washington State’s economies and WSF are only presented in the full-length report. Section 3 focuses on Route Specific Economic Impacts and Ferry Community Profiles. Section 3.1 describes the model inputs for the route-specific models, including how the expenditures were split between the counties. County profile can also be found in the full-length report. County profiles include a very brief summary of the County’s basic geography, demography, employment, industry, wages, healthcare, and housing. They also include a detailed description of the ferry routes within the county and summary details of the estimated route-specific impacts. 7 1.1 About Economic Impact Analysis Economic impact analyses are an important tool used to make decisions. However, they are often misused, overestimated, or generally misunderstood. An economic impact analysis measures the ripple effects of an action taken by a government, industry, household, or other entity. The impacts include output, employment, labor income, and can also include state, local, and federal taxes. Economic impacts reported in this study include direct, indirect, and induced effects for three economic indicators: employment, labor income, and output. All of these terms are defined in the Key Terms and Definitions section. 1.2 Methodology IMPLAN Analysis This analysis was conducted using IMPLAN, an input-output software that is widely used to conduct impact analyses. We used two sources of data as inputs. First, we use data procured from WSF’s budget management and accounting system, which produced WSF specific spending by the Agency in FY2023 and FY2024. Second, we used publicly available data from WSF route statements to model the impact of specific WSF routes on the counties they are located within. The results provide an overview of the flow of jobs, dollars, and impacts from WSF’s general activity on the state and each of the counties that WSF operates within. The data for each set of models is further described in the Washington State model inputs and Route specific model inputs sections that follow. Input-Output Models This study is founded on a regional input-output model (I-O model) design, used to measure a sector or agency’s economic activity in the regional economy. These types of models are based on the premise that economic activity (e.g. agency spending) creates additional changes in an economy, usually represented by an increase in jobs or dollars. The results of I-O models are dependent on both the defined region and the scope of the sector or agency’s activities. The counties and cities that have WSF ferry routes within them are all directly impacted by WSF’s activities. However, interagency work within WSDOT, as well as partnerships with neighboring agencies, businesses, cities, counties, and industries means that the WSF’s influence is broader not only than the counties that they operate within, but also broader than Washington State, even if most of the effects still occur within the bounds of Washington State. Regional boundaries help to account for leakage of money outside of the defined boundaries. For example, if WSF imports goods from other states, such as new equipment or vessels, the economic impact of WSF expenditures on that new equipment or vessel to Washington State is lower than it would be if WSF had bought that good from a Washington State manufacturer. It 8 is important to note therefore that I-O models produce regional multipliers, which indicate the impact of a dollar amount spent within the defined region. Outputs and Multipliers The four outputs produced by the IMPLAN analysis are employment, labor income, and total value-added and output. From this information multipliers can be calculated. All of these outputs are defined in the Key Terms and Definitions section above. It is important to note that all outputs are estimations. This report analysis focuses on employment, labor income and output estimations for both the state-wide impacts and route-specific impacts. There are two types of multipliers that can be calculated from the economic impact outputs: Type 1, which excludes induced effects, and Social Accounting Matrix (SAM) Multipliers, which includes induced effects. Type 1 multipliers look specifically at business-to-business (B2B) transactions (calculated as (Direct Effects + Indirect Effects) / (Direct Effects)). SAM Multipliers take into account all effects generated by WSF spending, including induced effects. Type 1 Multipliers also do not include induced household spending impacts. If one assumes that WSF’s major impacts are via capital related expenditures, which are primarily B2B and thus unlikely to raise incomes and therefore stimulate household spending, then Type 1 multipliers may be more appropriate. We report both multipliers as a possible range for the state-wide economic impact results, however, we recommend focusing on the smaller Type 1 multipliers because SAM Multipliers can be high whenever capital expenditures are high and thus may overestimate the impact of a public agency. It is also important to consider that not all of the expected labor will be long term (i.e. construction jobs may only last the duration of the project). Furthermore, government spending is typically not strongly associated with job growth. In this case, we can expect some new positions can be expected based on new vessels coming online and expanded ferry capacity over time. Some expansion of management positions is expected as well. We do not report multipliers for the route-specific impacts because multipliers make the most sense in the context of regional supply chains rather than distinct geographic areas. Model Limitations While an accurate measure of the outputs of the ferry system's economic impact, I-O models do not include the social or cultural value or impact of transportation systems. Economic impact analyses also do not consider opportunity costs, environmental costs- benefits, or social costs-benefits. Another commonly ignored issue with economic impact analyses is crowding out. For example, if the WSF hires a ferry worker who resides in Thurston County and who works in Pierce County on the Route 40 ferry, the economic impact analysis for the route-specific model may completely miss the spending that is occurring outside of the area of interest (Pierce and King Counties) and therefore ultimately underestimates the impact of WSF spending on Route 40. 9 It is important to note that for interpretation purposes when one county has multiple routes, the economic impact totals cannot be added to create a “county total impact.” This is because model inputs vary for each route and inputs drive the output results. If the route-specific output totals are added together, the totals will never add up to the total economic impact for Washington State in FY23 (the year of route-specific model data) because the economic impacts of WSF spending impacts different regions with different economic structures and features. Each route’s individual impact must be discussed as separate and distinct economic activity of WSF. Economic impact analysis is a helpful tool, but it is important to keep in mind its limitations. The analysis is highly dependent on the data quality and its user. Impact analysis does not and cannot account for all possible outcomes. IMPLAN analysis and economic impact analysis generally do not include model outputs that specify impacts on housing, healthcare, climate resiliency, emergency response and many other topics of interest and importance. Those topics are therefore reviewed in the community profiles and other key factors sections. Data After reviewing the data available, two sources of data were used for this analysis. For overall agency spending and modeling impacts to Washington State, WSF accounting data for Fiscal Years 2023 (FY23) and 2024 (FY24) was used. This data was drawn directly from WSF’s budget management system. Route data was pulled from the publicly available data from the WSF Fiscal Year 2023 Route Statements. The route statements include details on traffic (passenger, vehicle and driver) revenue (fares, miscellaneous), as well as expenses related to vessel and terminal operation, maintenance, and management and support. The FY23 route statement data was used only for the route-specific impact models. The data is further described in the model inputs sections for both the state-wide and route-specific models. In reviewing the route specific data in comparison to the system-wide data produced from the accounting system we note that the agency appears to have applied overhead (non-route specific) costs to the routes so that the sum total of all routes is similar to the total agency operational expenses. This results in our work overstating the route specific economic impacts based on the route statements. Washington State model inputs Using WSF’s accounting data for FY23 and FY24 expenditures, this impact analysis was conducted using the following categories of spending data as model inputs: WSF’s Operations and Management Program and Ferries Division Construction. WSF’s Chart of Accounts describes these spending categories as follows. WSF Operations and Maintenance Program This program provides for the operations and maintenance of the WSF boats and terminals. It contains three major categories: Daily operations of the boats and terminals, maintenance of 10 both, and administrative staff support. In FY23 Operations and Maintenance expenditures totaled $330 million. In FY24 Operation and Maintenance expenditures totaled $347 million. Ferries Division Construction This program implements the construction projects for terminals and vessels that are intended to preserve or enhance WSF assets and keep them safe. This includes all capital costs of providing ferry and terminal assets for the WSF operations and maintenance program. In FY23 Construction expenditures totaled $150 million. In FY24 Construction expenditures totaled $209 million. 11 Section 2: Washington State Economic Impacts Due to the nature of I-O models, here we present two different sets of results. The first set of results are based on WSF’s FY23 expenditures drawn agency budget management data. Based on WSF’s FY23 spending ($330 million in Operations and $150 million in Construction), the total estimated economic impact on Washington State was over $711 million in the same year, at an estimated $711.28 million in total output. Out of the total output, approximately $420.26 million is the estimated direct impact, while the remainder is split between indirect and induced impacts. WSF’s total estimated impact on labor income was more than $327 million. WSF spending also could be viewed as creating an estimated total of 3,632 jobs (Full-Time Equivalent (FTE)) in FY23. Details of the estimated direct, indirect, and induced impacts on the State of Washington by WSF’s FY23 spending can be found in Table 1 below.1 Note that Tables found in Section 2 (this section) are all rounded to the nearest significant digit. Dollar amounts for labor income and output are reported in millions with two decimal points, as we assume that impacts over $100,000 are significant to Washington State. Tables found in Section 3 report the actual dollar amounts for both labor income and output as some communities and economy’s are smaller and thus even $10,000 may be significant. Employment is rounded to the nearest significant whole number. Therefore, the rounded numbers reported in the tables in both sections may not match the Totals when added together. Table 1: Washington State Ferries: Estimated Economic Impact of FY23 Expenditures on Washington State’s economy (in 2023 dollars). Impact Employment Labor Income (millions) Output (millions) Direct 2,405 $236.57 $420.26 Indirect 303 $25.75 $84.97 Induced 925 $65.07 $206.05 Total 3,632 $327.38 $711.28 Type 1 Multiplier 1.13 1.11 1.2 SAM Multiplier 1.51 1.38 1.69 1IMPLAN provides results to the tenth decimal point. This level of detail should not be misinterpreted as a more precise or exact estimate. This is just simply the result of a computer doing the math. For clarity and to increase user friendliness, we present rounded numbers in Section 2. 12 As for multipliers, the output multipliers include direct, indirect, and induced impacts. The Type 1 had a very small range from 1.11 to 1.2. That means for every dollar spent by the ferry system, $1.11 to $1.20 of estimated activity is generated in the local economy. The SAM Multiplier indicates more of an estimated impact, ranging from 1.38 to 1.69. For every dollar spent by the ferry system, up to $1.69 in estimated economic activity is generated. The original dollar plus .69 cents. The two multipliers, 1.11 – 1.69, offered here should be considered to be a range of the actual economic impacts of WSF operations. IMPLAN analysis does not calculate confidence intervals, however, readers can estimate confidence in these numbers by taking into consideration data quality, model complexity, region size, and other variability in the data or model. While we are confident in the data quality, as previously noted these models are intended for use in measuring the economic impacts of private industry not public agencies. Therefore, we assume that these models are likely overestimating the economic impact of WSF and the resulting estimates should be interpreted and used with caution.2 Table 2: Washington State Ferries: Estimated Economic Impact of FY24 Expenditures on Washington State’s economy (in 2024 dollars) Impact Employment Labor Income Output Direct 2,779 $273.41 $485.71 Indirect 350 $29.76 $98.20 Induced 1,069 $75.20 $238.14 Total 4,198 $378.36 $822.05 Type 1 Multiplier 1.13 1.11 1.2 SAM Multiplier 1.51 1.38 1.69 2 It is also important to note that confidence intervals (CIs) or margins of error are not calculated by this model because the inputs for IMPLAN analysis are discrete and do not vary. Confidence intervals are the degree to which there is uncertainty around an estimated value based on a sample data set. IMPLAN estimates are not based on a data set or population sample. There is no distribution of variables. There are only two input numbers for the model: the operations and construction total spending for FY23 and FY24. Therefore, even if one were to calculate the degree of confidence in the estimates based upon the factors described, it would still not be a confidence interval according to the statistical definition of the word. 13 Based on WSF’s FY24 spending ($347 million in Operations and $209 million in Construction), the total estimated economic impact on Washington State was nearly a billion dollars, at an estimated $822.05 million in total output. Out of the total output, $485.71 million is the estimated direct impact. WSF’s total impact to labor income based on FY24 expenditures was estimated to be more than $378 million. WSF also impacted an estimated total of 4,198 jobs in FY24. Details of the estimated direct, indirect, and induced impacts on the State of Washington by WSF’s FY23 spending can be found in Table 2. While WSF’s economic impact to Washington State’s Economy has increased significantly from FY23 to FY24, the output multipliers for Type 1 and SAM Multipliers, including direct, indirect, and induced impacts, were the same in FY24 as it was in FY23. The potential costs of disruption to service in the WSF system for any reason are not insignificant. Disruptions could include but are not limited to delays in services, sailing cancellations, and service reductions due to lack of funding, delays in maintenance, ferry availability, crew availability, or weather. A complete loss or closure of all WSF operations puts an estimated $711 million in total estimated economic activity at risk, based on FY23 spending, and $822 million at risk based on FY24 spending. More likely and common route-specific disruptions and their real and potential impacts are further discussed in Section 3. Freight In addition to the estimated economic impact of WSF’s expenditures on Washington State’s economy, WSF also impacts the Washington State economy and local economies through movement of freight. To try to capture the value of freight moved on average by WSF, we used data to calculate an estimate of the Average Daily Payload (or value of the cargo/freight) that trucks are moving via WSF routes. To calculate the impact of freight on commerce, calculations were performed using publicly available WSDOT Freight Data to obtain the Average Daily Number of Trucks and Annual Truck Tonnage for each route, which includes the estimated weight of the truck and the cargo. To calculate Average Annual Truck Traffic, the Average Daily Number of Trucks was multiplied by 356. To calculate the Average Daily Truck Tonnage, the Annual Truck Tonnage was divided by 365. Average Daily Freight Tonnage was calculated by multiplying the average weight of an empty truck (14,000 pounds) (drawn from LoadUp 2024) by the Average Daily Number of Trucks for each route. This value was then subtracted from the Average Daily Truck Tonnage for each route to produce the Average Daily Freight Tonnage. 14 Finally, the Average Daily Payload Value was calculated by multiplying the Average Daily Freight Tonnage by the Average Value of Freight transported by trucks, which was estimated to be $926 per ton (Bureau of Transportation Statistics 2024). A final additional consideration to the calculation is how many trucks might be full or empty. Studies have found that approximately 65-80% of all trucks on the road were not hauling cargo (Uber 2023). However, there is significant variation in truck usage of WSF routes, suggesting that it is possible mostly full trucks use some WSF routes according to WSDOT’s Freight Data. As shown in Table 3, Route 10 (Seattle-Bremerton) only has six trucks per day on average, the least of all routes. Route 60 (Mukilteo-Clinton) has the most average trucks per day of all ferry routes at 190 trucks. This data highlights how Vashon Island and the San Juan Islands are reliant upon WSF for transportation of goods available on island (including basic necessities such as food and medicine, as well as other consumer goods, construction materials, and so on). Unlike Bremerton, Vashon Island and San Juan County have no alternative driving routes or bridges. Unsurprisingly, Vashon Island and San Juan Island routes comprise the second and third most trucks per day. 157 trucks were moved on average, daily, in the San Juan Islands (Route 80), and 145 trucks moved through Vashon Island on average daily (Routes 30 and 40 combined). To account for potential variation in the reason for truck usage between the routes as well as the conservative possibility that half of all trucks on WSF are empty (only full one way) we report both the average daily payload value if all trucks were full and an average daily payload if only half the trucks were full. Table 3 summarizes these calculations by route. Table 3: Washington State Ferries: Estimated Freight Impacts (WSDOT Freight Data). Route # (Name) Average Daily Number of Trucks Average Daily Truck Tonnage Average Daily Freight Tonnage Average Daily Payload Value (all trucks full) (dollars) Average Daily Payload Value (half trucks full) (dollars) Route 10: Seattle- Bremerton 6 71 29 $26,562 $13,281 Route 30: Fauntleroy –Southworth 7 83 34 $31,222 $15,611 15 Route 30: Southworth-Vashon 14 166 68 $62,871 $31,435 Route 40: Point Defiance-Tahlequah 58 691 285 $263,973 $131,986 Route 70: Port Townsend-Coupeville 60 718 298 $276,399 $138,199 Route 20: Seattle- Bainbridge Island 62 749 315 $291,900 $145,950 Route 30: Fauntleroy- Vashon 66 796 334 $309,050 $154,525 Route 50: Edmonds- Kingston 134 1,614 676 $625,960 $312,980 Route 80: Anacortes- San Juan Islands 157 1,884 785 $727,244 $363,622 Route 60: Mukilteo- Clinton 190 2,277 947 $877,264 $438,632 The cost to disruptions to freight is hard to fully capture because delays for certain goods have different effects, impacts, and consequences (e.g. late prescription medication delivery versus a late delivery of new furniture versus a late delivery of asphalt). Like positive economic impacts, negative economic impacts also ripple through economies. As shown in Table 3, WSF is responsible for moving up to $3.49 million in freight daily between ferry communities. Even if half of the trucks are empty, WSF is still moving an estimated $1.75 million in freight daily. Of those routes, the five routes with the largest average daily payloads are Route 60 (Mukilteo-Clinton), Route 80 (Anacortes-San Juan Islands), and Route 50 (Edmonds-Kingston), Route 30 (Fauntleroy-Vashon-Southworth), and Route 20 (Seattle- Bainbridge Island). Disruptions curtail this significant economic activity and that is likely to have ripple effects throughout supply chains. The routes with the largest average daily payloads are also the routes to be most negatively economically impacted by freight disruptions. In most cases disruptions are unlikely to create severe economic impact losses but do delay economic activity and impact businesses and customers relying on those items. Because there is significant variation in the use of routes for freight movement, a deeper discussion of freight impacts and the potential costs of disruptions are further elucidated in Section 3 of the full report as part of the in-depth county profiles. 16 17 Section 3: Route Specific Economic Impacts Due to space considerations, this section only provides summary route-specific impacts. The potential costs of disruption to each route, as well as basic route characteristics are also discussed. For this additional detail, as well as the tables that breakdown the specific impact estimates for each route in each county, please consult the full-length report. 3.1 Route Specific Model Inputs Route-specific impact analysis was conducted using two categories of spending data as model inputs based off of the FY23 Route Statements: labor and goods and services. Labor includes all wages, salaries, and benefits paid to employees and non-employees. On the route statements labor is an expense related to: direct vessel operating, direct terminal operating, and management and support. The remainder of the route statement categories, which we call goods and services, includes all non-labor expenses for the same three categories. It also includes fuel for vessel operation and direct maintenance expenses on both vessels and terminals. We note here that our analysis of the route data in comparison to system-wide financial data indicates that the agency has likely included non-route spending within the management and support. Due to this, our calculations of economic impacts per route is likely overstated in terms of localized economic impacts. WSF routes connect two geographically disconnected places. Importantly for this study, these geographically disconnected entities are also separate statistical areas. Therefore, while all models in the study use FY23 Route Statements as their data input, model inputs had to be divided between the distinct geographic and statistical units, in this case at the county level, in order to generate route-specific outputs and results. Ferry routes in Washington fall within the eight Western Washington counties: Island, Jefferson, King, Kitsap, Pierce, San Juan, Skagit, and Snohomish Counties. To determine how to split the inputs between these counties, WSF’s Gray Notebook Ridership & Revenue data for ridership, which is publicly available, was reviewed from FY2019 – FY2024. First, Q3 (January – March) values were subtracted from Q1 (July – September) values in order to assess which of the routes were most heavily impacted by tourism in peak seasons. In order to standardize the calculation, the Q3-Q1 difference was then divided by the total number of riders for that fiscal year on that route. While there are certainly impacts to all routes in the summer months (Q1), the two with the largest difference between Q1 and Q3 as a percent of total riders in the same year are Route 80 (Anacortes-San Juan Islands) and Route 70 (Port Townsend – Coupeville). 18 The threshold to be considered a tourism impacted route is the difference between ridership in Q1 and Q3 accounts for 20% or more of the total rides on that route in at least one fiscal year FY2019 - FY2024. Three routes are on the border of being classified as tourism impacted in at least one year: Route 50 (Edmonds-Kingston), Route 10 (Seattle-Bainbridge), and Route 20 (Seattle- Bremerton). However, none fall above 20% in any year. Route 30 (Fauntleroy – Vashon- Southworth), Route 40 (Point Defiance-Tahlequah), and Route 60 (Mukilteo-Clinton) are all solidly below 20% over time, indicating they are the routes with the least variation between quarters over time. Put another way, those three routes are most likely to be routes that are regularly used by residents and businesses year-round. Only on Routes 80 and 70 did 20% or more of total rides in a year occur in summer months (Q1) in at least one fiscal year from FY2019 to FY2024. Table 4 shows the total riders for each route in the past five years the range of the percent of total rides that could be attributed to tourism, and the category the route was assigned as a result. The final column (fourth column on the far right) shows how the expenditure inputs were split between the counties. We distributed the expenditures between the counties that the routes connect. For commuter- routes, we distributed the expenditures equally between the counties. On the other hand, we assigned higher expenditures to counties considered to have tourist destinations such as Jefferson (75%) and 25% to others (e.g. Island County). This is based on our assumption of where the impacts are most likely to be as a result of the ferry ride. In the case of Route 80, the split is 75% San Juan County, 25% Skagit County. For Route 70, Island County’s split was 25% and Jefferson County’s 75%. The remaining routes all fall below the 20% threshold for summer month rides and therefore were all categorized as commuter routes. Commuter designated routes are all split evenly 50- 50 between the two counties. Output results should therefore be interpreted within the context of the input splits between the counties. Table 4: This table summarizes the ridership data used to inform the route-specific model inputs. Route #: Route Name Total Riders (FY19-FY24) Percent of Total Range (FY19- FY24) Route Type Category Route Expenditure Inputs Labor Services (Total) County (Expenditure Inputs %) 19 Route 80: Anacortes- San Juan 11,226,44 14%-29% Tourism $44,773,000 $28,406,000 ($73,179,000) Skagit (25%) San Juan (75%) Route 70: Port Townsend - Coupeville 4,158,071 13%-28% Tourism $12,698,000 $5,761,000 ($18,459,000) Island (25%) Jefferson (75%) Route 10: Seattle - Bremerton 8,334,314 -.7%-19%3 Commuter $20,461,000 $12,550,000 ($33,011,000) King (50%) Kitsap (50%) Route 20: Seattle – Bainbridge 27,281,659 2%-18% Commuter $35,014,000 $19,890,000 ($54,904,000) King (50%) Kitsap (50%) Route 50: Edmonds - Kingston 20,668,722 7%-17% Commuter $31,132,000 $17,497,000 ($48,629,000) Snohomish (50%) Kitsap (50%) Route 60: Mukilteo - Clinton 21,717,399 6%-13% Commuter $27,595,000 $13,040,000 ($40,635,000) Snohomish (50%) Island (50%) Route 30: Fauntleroy – Vashon- Southworth 14,089,134 5%-12% Commuter $32,257,500 $13,698,500 ($45,956,000) King (50%) Kitsap (50%) Route 40: Point Defiance- Tahlequah 5,048,470 .065-.11 Commuter $10,857,000 $4,378,000 ($15,235,000) Pierce (50%) King (50%) The estimated economic impact to of WSF FY23 Expenditures on Puget Sound Counties by routes is summarized in Map 1. For additional detail see Section 3 of the full-length report. It is important to note that for interpretation purposes when one county has multiple routes, the economic impact totals cannot be added to create a “county total impact.” This is because model inputs vary for each route; they cannot be added together. Each route’s individual impact must be discussed as separate and distinct economic activity of WSF. The same 3 The low range value for the Seattle-Bremerton route is negative because there was a year in which the winter quarter (Q3) ridership actually exceeded summer quarter (Q1) ridership due to COVID-19 and related issues. 20 limitations apply to the route-specific model results as the statewide and electrification impact results. Map 1. This map summarizes the estimated route-specific impacts of the WSF on Washington State Counties based on WSF FY23 expenditures. 21