Transportation Benefit District
TBD Assumption
In 2015 the State Legislature passed new legislation that allows cities to assume Transportation Benefit Districts rather than being structured as separate entities. The City held discussions considering this change, and on April 12, 2016, the City Council conducted a public hearing during its regular meeting regarding a proposed transfer and assumption of the rights, powers, immunities, functions and obligations of the Buckley Transportation Benefit District to the City as allowed under the 2015 State Legislature Second Engrossed Substitute Senate Bill (“2ESSB”) 5987.
Following the April 12, 2016 public hearing Ordinance 10-16 was adopted, amending BMC 13.18 and assuming the Buckley Transportation Benefit District. This transferred the rights, powers, immunities, functions and obligations of the Buckley Transportation Benefit District to the City as allowed by State law. Since that time the TBD has been incorporated as part of the City Budget. Reporting and updates for the TBD are included in the Citywide financial updates normally developed on a quarterly basis with more detailed reporting and discussion included within the annual budget document.