General Transportation Revenue History

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Discretionary Revenue General Transportation Revenue (GTR) General Transportation Revenue (GTR) includes PBOT’s discretionary revenue sources that must be balanced against expenses over a five-year period per City ordinance. The sources of GTR are identified in Tables 1 and 2: State Highway Fund revenues consist of funds generated by state motor fuels taxes, weight- mile taxes on heavy trucks and registration, titling and licensing fees (“DMV fees”). State Highway Fund tax rates and fees are established by the state legislature. Parking Meter revenues are generated by the city’s five metered parking districts. In the Central Eastside, Lloyd, Marquam Hill and Northwest districts, 51% of net revenues are restricted for use within the district. Parking meter rates are established in the City’s annual fee schedule. Parking Citations consist of fines assessed by Parking Enforcement Officers for parking violations in both metered and non-metered areas and are generally shared with the Multnomah County Courts system. Parking Permit revenues include fees for temporary parking permits for construction sites, loading zones and special events and the City’s Area Permit Parking Program (APPP). Revenues also include surcharges assessed by the Central Eastside and Northwest APPP districts, which are reserved for use within their respective districts. Parking Garage revenues represent repayment of loans made to the Parking Facilities Fund from General Transportation Revenues. General Fund currently includes an annual transfer of approximately $26,000 for metered parking spaces removed for the creation of Director Park. Prior to FY 2018, PBOT also received an annual transfer of Utility License Fees (ULF). General Transportation Revenue History For context, Table 1 shows the five-year history and Table 2 provides a five-year forecast of discretionary GTR revenue sources. 4

Table 1 History of Transportation Discretionary Revenue (In Millions) Estimated Revenue Source FY 19-20 FY 20-21 FY 21-22 FY 22-23 FY 23-24 FY 24-25 State Highway Fund 75.40 82.3 89.7 83.0 83.2 85.9 Parking Meters 28.4 16.7 26.2 24.6 27.4 32.8 Parking Citations 5.7 2.5 3.4 3.8 3.3 7.8 Parking Permits 10.8 8.9 9.9 11.7 11.3 10.8 Parking Garages - - - - - - Interest on Investments - - - 0.2 2.6 2.0 General Fund 0.04 0.04 0.04 0.04 0.04 0.8 Revenue Total 120.3 110.4 129.2 123.3 127.8 140.1 Table 2 Forecast Transportation Discretionary Revenue (In Millions) Estimated Revenue Source FY 24-25 FY 25-26 FY 26-27 FY 27-28 FY 28-29 FY 29-30 State Highway Fund 85.9 86.9 86.9 86.3 86.0 86.5 Parking Meters 32.8 35.3 37.9 40.6 43.4 44.7 Parking Citations 7.8 7.8 7.8 7.8 7.8 7.8 Parking Permits 10.8 11.2 11.6 12.0 12.4 12.8 Parking Garages - - - - 2 2 Interest on Investments 2.0 2.0 2.0 2.0 2.0 2.0 General Fund 0.8 0.03 0.03 0.03 0.03 0.03 Revenue Total 140.1 143.2 146.2 148.7 153.4 155.6 State Highway Fund The State Highway Fund constitutes around 60% of PBOT’s discretionary revenues. The pandemic affected the State Highway Fund’s three revenue streams (motor fuels taxes, weight-mile taxes and DMV fees) in variable ways. On net, going forward, SHF revenues are projected to remain virtually constant at roughly $86M per year, creating additional pressures on the Bureau’s other discretionary revenues to support PBOT’s expenses. Parking Meters On-street parking revenues were among the most severely impacted by COVID-19 and remain well below pre-pandemic averages. Monthly revenues fell to as little as 13% of pre-COVID averages in April 2020, followed by a gradual recovery. The current forecast assumes parking demand levels off at 88% of pre-pandemic levels – the increases in expected revenue in the forecast is driven exclusively by the indexing of meter rates to inflation and the introduction of a new $0.20 fee per transaction to cover the bureau’s administrative costs. Parking Citations Lost citation revenue due to COVID and diversion of parking enforcement FTEs to address the City’s homeless crisis was substantial. At the peak of the pandemic lockdown, citation revenues dropped to virtually zero as officers were assigned only essential duties (e.g. blocked driveways or fire lane 5

Parent: Discretionary Revenue · PDF: pp. 1397-1398