TBD stands for Transportation Benefit District. A TBD is a quasi-municipal entity created for the sole purpose of acquiring, constructing, improving, providing and funding transportation improvements within the district. Under RCW 36.73 the Washington State Legislature permits local governments to establish a TBD and accompanying funding sources to provide for the preservation, maintenance and construction of local public ways.
This program is paid for by all who use Ridgefield’s streets through the Ridgefield Transportation Benefit District.
Ridgefield Street Funding Strategy/TBD Annual Report
Ridgefield's Transportation Benefit District is committed to transparency and accountability, providing community members with information and updates on what revenues it receives and where the funds are spent. Each year, Ridgefield provides a report back to the community including revenues, expenses and projects.
About the Ridgefield TBD
The Ridgefield Transportation Benefit District (TBD) Fund was adopted in December 2018 to account for the receipt of vehicle licensing fees. The City Council originally adopted the vehicle license fee as a funding source for the Pavement Preservation Program. City Council earmarked the revenue received from the vehicle licensing fees for the Pavement Preservation Program to increase the amount of maintenance the City can complete annually.
In November 2021, Ridgefield voters approved a ten-year 0.2% sales tax to pay costs associated with pavement preservation projects identified in the Six Year Transportation Improvement Program. The tax was effective April 1, 2022. City Council repealed the vehicle licensing fee effective April 1, 2022.