Revenues Supporting the WSDOT 1999-01 Budget
by Source of Funds

First Six-Year Impact of Initiative 695

Over the 1999-2005 six-year planning period, Referendum 49 is estimated to provide an additional $2.4 billion for transportation purposes.

Over the same six years, passage of Initiative 695 could result in the loss of $7.0 billion – $2.4 billion Referendum 49 funding and $4.6 billion from base revenues.¹

1999-2005 $7 billion revenue loss:
WSDOT2
Referendum 49 Other WSDOT	($2.4 billion) (1.8 billion)
Other Purposes:
Transit Systems Cities & Counties RTA General Fund	(1.4 billion) (1.1 billion) (0.3 billion) 0.1 billion
Total	($7 billion)

¹Assumes transit systems would not collect up to 0.725% MVET under I-695 and that RTA would not collect local option MVET. This assumption is based on the repeal of the state MVET, upon which the local rate is based, as well as the repeal of the administrative apparatus required to collect it. Above estimates assume Referendum 49 bonds would not be sold since the MVET distribution to the motor vehicle account, designed to service the debt on the related bond authority, would be repealed under the initiative.

²Loss to accounts supporting WSDOT budget.