1978/05/24 Council Minutes - Laserfiche WebLink

May 24,19]8 175 the EverettyCouncil was called ta order C• 31P May 24,2 ]8 in theHearing Room Courthouse with President Gipsonpresiding and all Councilmen an attendance except Councilman Overstreet. LONG RANGE TRANSIT FINANCING Councilman Aldnroft said i „ d assigned him to task of exploring the drfinancial ad to recommend y ctvon that coEverett Transit System's historyulprovidelong term stabality The history of transit In Everett goes back to the early 1900(s private n or government The former operator could no longer the automobile became greater,ridership o and expenses to operate t e vatlyy. 1969 t of fuel has already tripled,t cost of s hear drastically an availability of s greatly d walternatives to heating and econtinuously sought. He said Reuathe T Transportation hehds t a gooddeal time reviewing the ,expenses and r ridership and the future hs fort ea of revenue for transit has grown from the fare box revenue to includethe household stateand employee tax,later the n ndlvessting aeaavoidedDepending outside• ideahuld bi l t ton law provides a financing alternative for transitagencies that provides an incr easing amount of ren a equa,Tralternative.Mr.Roque presented a ve showingin 0te cf te f n01975gt ehold rnd the em- t to 259 which is t• n1977 th Cou cil appy whichnis the matax. The mav ted revenue for 19]8; RIDERSHIP1969 YEAR RE EXPENSES REVENUES 541,000 590,000 000 1973 0.3550 1975 956,4 950,175 644,331 906,000 ,355 ' 0,000 reducing its level ooved the ceiling on M.V.E.T.funding He said they proposing t the Council that a 3/10ths o one percent sales tax be presented to the citizens o9 the transit. In other words,the tax up to 5.4 i the City Everett am in le doa9pux and i lties and w f..edea e beginning July ,19]8 sales tax would not beleviedon food purchases. '..,.1I