HomeMy WebLinkAboutRTBD 2024 Annual Report
RENTON TRANSPORTATION BENEFIT DISTRICT
OFFICIAL NOTICE OF 2024 ANNUAL REPORT
NOTICE IS HEREBY GIVEN that the City Council is issuing the Renton Transportation Benefit
District 2024 Annual Report to the Renton residents.
The Renton Transportation Benefit District (RTBD) was created on August 14, 2023. The creation
of the RTBD established the boundaries as the entire City of Renton as it currently existed or any
adjustments to the boundaries in the future. In December of 2023 the City Council authorized the
RTBD to collect one tenth of one percent sales tax for a period of 10 years.
Revenues from this tax are to be dedicated for the purpose of ongoing transportation
improvements that preserve, maintain, and as appropriate, construct or reconstruct the
transportation infrastructure of the City of Renton.
The RTBD is governed by the City of Renton Council. The RTBD began receiving sales tax receipts
in April 2024.
2024 FINANCIAL REPORT
2024 Financial Summary of the RTBD activity (as of 12/31/24):
Sales Tax and Investment Income $2,585,061
Total Revenues $2,585,061
Total Expenditures* $ 0
*See next page for planned usage of funding
Page 2 of 4
June 24, 2025
PROJECTS & CONSTRUCTION SCHEDULES
Below are the projects scheduled to utilize RTBD funding in 2025:
116TH AVE SE SIDEWALK PROJECT
Scope: This project will install sidewalk, curb and gutter, drainage, curb ramps, and rectangular
rapid flashing beacon (RRFB) crossings along 116th Ave SE from SE 162nd St to SE 160th St.
Schedule: As of the date of this report, the project design is complete. The project will be
advertised for bid in June 2025 and the construction contract will be awarded in July. Construction
will begin in July or August and is scheduled for completion before November.
TBD Funding: $1,000,000
This picture shows the
existing conditions along
116th Ave SE. Sidewalk will
be installed and the ditch
on the left will be replaced
with a piped stormwater
drainage system.
Page 3 of 4
June 24, 2025
STREET OVERLAY PROGRAM
Scope: This program funds resurfacing and other pavement preservation treatments for city
streets and alleyways. In 2024 and 2025, this program provides for the application of type II slurry
seal at over 100 sites across Renton and design work for the annual pavement preservation
program.
Schedule: Design for this work was completed in Q2 2024. Construction started in Q3 2024 and is
expected to be completed by the end of 2025.
TBD Funding: $1,500,000
This picture shows Doolittle
Construction using a
specialized truck to pour slurry
seal over the road surface.
After the mixture is poured onto the
road surface, workers use
squeegees to spread it evenly.
Page 4 of 4
June 24, 2025
2024-2025 Street Overlay Project Overview
Planning Area Paving Area
(Square Feet)
Paving Length
(Miles)
Kennydale 181,173 1.22
East Plateau 394,389 2.68
Talbot 707,073 4.36
Cedar River 92,652 0.63
West Hill 62,858 0.44
Total 1,438,055 9.33
Approximately one third of this work was completed in 2024. The remainder will be completed in
2025 utilizing RTBD funding.