How will this measure impact me?
The Roads and Transit capital investments are creating assets worth approximately $17.8 billion in 2006 dollars ($10.8 billion for Sound Transit and $7 billion for RTID).
This measure would impose an additional sales and use tax of up to six-tenths of 1% and motor vehicle excise taxes of eight-tenths of 1%. The official Explanatory Statement is listed below.
Explanatory Statement: This proposition would approve: (a) Sound Transit's (ST) plan described in Resolution R2007-15, (b) formation of a Regional Transportation Investment District (RTID), and (c) RTID's plan described in Resolution PC-2007-02. The plans expand mass transit and improve roads and bridges in Snohomish, King, and Pierce counties, building approximately 50 miles of light rail, adding express bus service, improving traffic chokepoints, and addressing earthquake safety.
The resolutions and plans use existing taxes plus additional sales and use taxes of up to six-tenths of one percent and motor vehicle excise taxes of eight-tenths of one percent. They provide for using taxes from geographic areas to benefi t those areas and address modifications and timelines. Costs include estimated capital costs (2006 dollars, excluding debt service) of: ST - $10.8 billion, RTID - $7.0 billion.