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HomeMy WebLinkAboutCommunity Services Committee PresentationKing County Parks 2026-2031 Levy COMMUNITY SERVICES COMMITTEE BETSY SEVERTSEN, PARKS & RECREATION CAPITAL PROJECTS MANAGER Details and Capital Program Implications King County 2026-2031 Parks Levy Levy Overview: •Voters approved Proposition 1 in Aug '25 •Collections of $0.2329 per $1,000 of assessed valuation in the first year, with annual adjustments up •Supports O&M of King County’s system; acquisition, development of parks, recreation facilities, and regional trails; improvements to parks and trails in local jurisdictions;Woodland Park Zoo and Seattle Aquarium; Seattle’s Waterfront Park; Pacific Science Center; Seattle Memorial Stadium; and capital improvements at publicly owned pools. Renton Receives: •A municipal parks capital and open space pass-through allocation of $1,950,000 •Annual levy distributions as part* of the ten percent (10%) of total levy proceeds dedicated to towns, cities, and eligible park districts •Regional Trail Investments •Grant Funds (possibly) * Part determined using formula that includes base allocations, population thresholds, population share, and assessed valuation Parks CIP Funding Strategy Parks CIP currently uses these funding sources: •General Fund •Real Estate Excise Tax (REET) •Competitive Grants •Park Impact Fees •King County Parks Levy Potential Future Sources: •Bond •Recreation Revenue reinvested into Parks/Rec Centers •Metropolitan Park Districts •Donations •Exchange of Property •Variety of Partnerships Past Levy Funds Utilization Funds Covered a Portion of the Following Projects: 2007 Levy: •Acquisitions: May Creek Trail, Cedar River Trail, Tiffany-Cascade Connector Acquisition, Panther Creek •Development: May Creek Trail,Riverview Park Bridge Replacement 2014 Levy: •Planning/Design: Liberty Park survey,Ron Regis water/sewer design for future restroom •Development: North Highlands Park Courts and Meadowcrest Playground, Coulon structural repairs (8 locations) 2019 Levy: •Planning/Design: Parks, Recreation, and Natural Areas Plan •Development: Philip Arnold Park, Kiwanis, Coulon North Water Walk, Coulon Trestle Bridge Q & A