Is a capital facility plan required before expending Growth Management Act real estate excise tax (REET) funds?
For the first quarter percent REET money, the initial language in the 1990 Growth Management Act was that these funds could be used primarily for capital projects in a capital facilities plan element for jurisdictions planning under the GMA. The 1992 revisions changed that language to solely for capital projects in a capital facilities plan element. RCW 82.46.010(2). More detailed information on the real estate excise tax is available on a separate Web page. • How can a city establish level-of-service standards for roads that would ensure adequate circulation without closing down development in urban growth areas? Some communities are using standards to measure overall mobility rather than simply road capacity. Although roads may be more congested in high density urban areas, overall mobility may still be adequate where transit and pedestrian facilities meet some of the circulation needs. Thus, a lower level-of-service could be justified for roads in target urban growth areas than in o
For the first quarter percent REET money, the initial language in the 1990 GMA was that these funds could be used primarily for capital projects in a capital facilities plan element. The 1992 revisions changed that language to solely for capital projects in a capital facilities plan element. More detailed information on the real estate excise tax is available on a separate Web page. • Must an interim capital improvements plan be fully funded? RCW 82.02.050(4) states that impact fees “may be collected and spent only for public facilities defined in RCW 82.02.090 which are addressed by a capital facilities plan element of a comprehensive land use plan adopted pursuant to provisions of RCW Chapters 36.70A.070, 36.70, 35.63, or 35A.63.” Although the capital facilities plan element adopted under the provisions of the GMA must clearly demonstrate probable funding sources for proposed capital improvements, there is no mention of such a requirement for a capital facilities plan element adopted
