HomeMy WebLinkAboutWORKSHOP re State of Road Fund Department of Public Works
O Regular Agenda (afternoon)
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Jefferson County
Board of Commissioners
Agenda Request
To: Board of Commissioners
Mark McCauley, County Administrator
From: Monte Reinders, Public Works Director
Agenda Date: September 23, 2024
Subject: Workshop: State of the Road Fund and Transportation Benefit Districts
(TBDs)
Statement of Issue:
The Public Works Department will make a presentation to the Board regarding the state of the
County's Road Fund and the potential formation of a Transportation Benefit District (TBD).
Analysis/Strategic Goals/Pro's & Con's:
Rapid inflation is significantly outstripping the pace of revenue growth for the County's Road
program. Expenditures in 2025 are anticipated to exceed revenues by over $1 million despite
many cost-cutting measures which have been implemented over recent years. If the County
believes that road maintenance and preservation are a high priority, then additional revenue
will be needed to support the program. Formation of a Transportation Benefit District could
inject approximately $1 million per year of new revenue into the program by the end of 2025
through a combination of a $20 vehicle license fee and a 0.1% sales tax. TBD funds would be
used for pavement preservation, culvert rehabilitation, road pavement markings, and possibly
for grant match for certain road projects.
Fiscal Impact/Cost Benefit Analysis:
In order to maintain the current level of service, the Road Fund is in need of at least $1 million
in new revenue to keep pace with inflation. Delaying the formation of a TBD will result in
significant reductions in the road maintenance and preservation program.
Recommendation:
This is a Workshop. No official action will be taken.
Department Contact: Monte Reinders, Public Works Director x242
Department of Public Works
O Regular Agenda (afternoon)
Page 2 of 2
Reviewed By:
Mar McCauley, unty Administrator 4ate
2025-2030 Six-Year County Road Fund Projection
56 o") 060
•
$4,000,000
{
$2,000,000
$0
$2.000,000
-$4.000.000
-$6 000.000
ENDING FUND BALANCE
�CASH RESERVE GOAL(2596)
$8.000,000
2010 2011 2012 2013 2014 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026 2027 2028 2029 2030
2025-2030 Six-Year County Road Fund Projection
$6,000,000
ou are ere
$4,000,000
$2,000,000
OM
50
ML JIMI
-$2.000.000 Outlook for • • Fund
LJ • • •
Not • • •
-$4.000.000
-$6 000.000
ENDING FUND BALANCE
��CASH RESERVE GOAL(25%)
_$8.000.000
2010 2011 2012 2013 2014 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026 2027 2028 2029 2030