The Tax Day of Reckoning for Sammamish has arrived.
The City Council tonight may decide whether to adopt a 1% property tax hike, something Councils have avoided for the past eight years.
It could even decide to recapture the eight years of deferrals, or an 8% increase in property taxes, but this is unlikely.
Council Member Don Gerend also suggested the possibility of a utility tax during a study session last night.
Council Member Kathy Huckabay suggested a Transportation Benefit District tax dedicated only to road projects.
Roads driving need for revenue
Why the prospect of any or all these taxes?
At a study session last night focusing on traffic concurrency issues, information emerged that whatever Sammamish does to improve its traffic concurrency modeling, it’s going to cost a lot of money.
One option to revise the ways to measure the traffic could cost up to $750,000, said Deputy City Manager Jessi Bon, who quickly said this is a rough estimate.
More to the point, it’s possible that Sammamish taxpayers could wind up on the hook to pay more for existing “deficiencies” in road capacity.
Then there is the $165m list of road projects in the Transportation Improvement Plan that is more than the operating budget can fund.
Finally, there is a recognition that Sammamish has neglected key road and intersection improvements for a decade or more and these chickens have finally come home to roost.
Billions of dollars in other taxes
Any one of all of these are on top of a recent tax hike in the Sammamish Storm Water Management fee.
These come on top of the $27bn tax hike for Sound Transit 3, which will cost the average home in Sammamish about $1,200 a year.
Then there is the McCleary education tax hike, which is projected to cost the average Sammamish homeowner $1,400 a year.
The Issaquah School District will seek voter approval next year for a huge tax levy. The ISD is seeking the maximum tax levy, a move so brash that even normally supportive state legislators oppose it.
And the skyrocketing home values in King County mean higher assessed valuations, which mean higher taxes.