Laserfiche WebLink
A summary of the major revenue categories is as follows. <br /> <br />State and Loca~ Gas Tax and Highway Related Revenue <br /> <br />Gas tax revenues are allocated annually to cities on a state-wide allocation formula which is based <br />primarily on a City's population. These funds can be spent on new construction or the repair and <br />maintenance of existing street systems or street lighting. <br /> <br />It is estimated that a total of $998,500 of gas tax revenue will be received in FY 1995/96. This <br />compares to $964,762 which is currently estimated for FY 1994/95. The five year projections of new <br />gas tax revenue is $5,333,500. A total of $1,546,000 in Measure B revenue is also expected. <br /> <br />In addition to the streets program traditional gas tax and grant revenues, this year's program includes <br />$480,253 in fees collected from Hacienda Business Park for roadway maintenance. The funds will be <br />used for the Stoneridge Drive Resurfacing (1995/96) and the Hacienda Business Park II street repair <br />scheduled for FY 1997/98. <br /> <br />Construction and Development Related Revenues <br /> <br />This category of revenue consists of fees and charges generally collected with the issuance of City <br />building permits and final maps and developer contributions. Estimated revenue sources are as follows: <br /> <br /> CURRENT FEE PER <br /> SOURCE RESIDENTIAL UNIT <br /> Water Connection Fees $1,200 <br /> Sewer Connection Fee $500 <br /> Residential Construction Fee $500 <br /> Capital Improvemere Fee $525 <br /> Growth Management/Public Needs $750 <br /> Growth Management/Community Facilities $2,200 <br /> In-Lieu Park Dedication Fees $4,009 <br /> <br /> Due to a number of circumstances including the dates projects were approved and Council approved fee <br /> increases or exemptions, the fees used to calculate expected construction related revenue for specific <br /> projects varies from those listed above. A detailed listing of the number of units/projects and related <br /> fees expected during the term of this program is included in Table 1 of Appendix A. <br /> <br /> City staff has been conducting a comprehensive development fee study which will result in a <br /> recommendation to replace existing Miscellaneous Program development fees with a traffic impact fee <br /> <br /> <br />