Transportation Sales Tax Funds
DESCRIPTION
In 2009 the citizens of Fountain passed the Moving Fountain Forward (MFF) Transportation Sales Tax Ballot Measure (0.75%). In 2019 the Street Capital Improvement Projects (0.35%) portion of the sales tax expired. The remaining balance of the Street Capital Improvement Projects will be utilized in 2021 by the Engineering Department to complete unfinished projects. Which include the following:
- Railroad Crossing Horn Quiet Zone & Safety Improvements
- Comanche Village/US 85 Intersection
- Ohio/Jimmy Camp Creek Intersection
- Carson Boulevard/US 85 Traffic Signal
- ADA Sidewalk Curb Ramps
- Indiana Crossing and Intersection
The Public Transportation Services (0.25%) and Street Resurfacing (0.15%) portion of the Moving Fountain Forward sales tax remain in effect. The Transportation Director administers the Transportation Sales Tax (0.40%).
Transportation Fund Revenue Sources and Expense Overview
The table below indicates the revenues and expenses of the Transportation Fund for the following; 2022 actual results, 2023 amended budget and year to date results, 2024 initial proposed budget, suggested revisions to the 2024 budget and the revised 2024 proposed budget
The suggested revisions to the 2024 initial proposed budget for the Transportation Fund are as follows:
The following table indicates the impact on the Fund Balance from the Public Transportation Fund budget from 2021-2024, including the impact of the suggested revisions to the initial proposed 2024 budget.
Street Resurfacing Fund Revenue Sources and Expense Overview
The table below shows the revenue and expenses for the Street Resurfacing Fund for the following; 2022 actual results, 2023 amended budget and year to date results, the 2024 initial proposed budget, revisions to that budget and the final proposed 2024 budget with the revisions.
The suggested revisions to the 2024 initial proposed budget for the Street Resurfacing Fund are as follows:
The following table indicates the impact on Fund Balance of the Street Resurfacing Fund budget from 2021-2024, including the impact of the suggested revisions to the initial proposed 2024 budget.
Capital Improvements Fund Revenue Sources and Expense Overview
The table below shows the revenue and expenses for the street Capital Improvements Fund for the following; 2020 actual results, 2021 amended budget and year to date results, the 2022 initial proposed budget, revisions to that budget and the final proposed 2022 budget with the revisions. There were no revisions suggested for this fund. This table clearly shows the impact of the sunset of the sales tax contributions to this fund.
The suggested revisions to the 2024 initial proposed budget for the Street Capital Improvement Fund are as follows: Write a title for the content below
The following table indicates the impact on Fund Balance of the Street Capital Improvements Fund budget from 2021-2024. There are no suggested revisions to the initial proposed 2024 budget of this fund.
