Prop 1 - Sales and Use Tax For Street, Sidewalk, Walkways, and Trail Construction and Street Preservation Improvements

Summary

The City Council for the City of Lake Stevens in the interest of public safety, acting through its assumed power of the Lake Stevens Transportation Benefit District, is seeking voter approval to impose a two-tenths of one percent sales and use tax upon all taxable retail sales and uses within the boundaries of the City/District to finance transportation improvements. The sales and use tax will be used entirely to finance the cost, and repay debt issued, to construct and maintain streets, sidewalks, walkways, trails, and-related infrastructure described. in Section 2. of Council Resolution No. 2022 — 10 and on the city website. The period of the tax, if approved, is ten years. The sales and use tax will apply to persons who shop and thereby use the sidewalks, walkways, trails, and roads in the City and not just to City residents.The proceeds from the sales and use tax are intended to finance the costs, and repay an estimated $10,000,000 in debt to be issued to expedite the completion of sidewalks, walkways, trails, and other eligible transportation improvement projects, improving pedestrian and traffic safety within the City of Lake Stevens. The sales and use tax proceeds will supplement existing revenue sources and any grant funding obtained by the City for transportation improvements.

Measure Details