Prop 1 Tax Authority amounts to $157 billion

8/8/07
Proposition 1 (Roads & Transit) Taxes
Sound Move Sound Transit RTID Combined Total Total Annual Total Annual
Year Phase 1 Taxes Phase 2 Taxes Road Taxes Tax Collections Tax/Capita Tax/Household
2008 358,052,600 $269,083,900 $76,272,000 $703,408,500 $255 $636
2009 375,377,700 $370,767,900 $242,975,000 $989,120,600 $350 $872
2010 392,257,600 $387,414,000 $254,100,000 $1,033,771,600 $361 $884
2011 410,588,600 $405,544,500 $277,000,000 $1,093,133,100 $377 $920
2012 431,271,900 $426,039,300 $298,000,000 $1,155,311,200 $393 $957
2013 453,586,400 $448,063,300 $324,000,000 $1,225,649,700 $412 $1,000
2014 477,186,800 $471,325,500 $348,000,000 $1,296,512,300 $430 $1,041
2015 502,228,700 $496,044,900 $352,000,000 $1,350,273,600 $443 $1,069
2016 528,465,100 $521,850,000 $385,000,000 $1,435,315,100 $465 $1,119
2017 555,398,700 $548,388,200 $420,000,000 $1,523,786,900 $487 $1,171
2018 582,591,600 $575,147,600 $441,000,000 $1,598,739,200 $505 $1,211
2019 610,869,300 $603,144,800 $456,000,000 $1,670,014,100 $521 $1,248
2020 641,075,900 $633,244,600 $457,000,000 $1,731,320,500 $535 $1,277
2021 674,484,900 $666,481,300 $461,000,000 $1,801,966,200 $552 $1,312
2022 709,650,900 $701,213,200 $481,000,000 $1,891,864,100 $574 $1,361
2023 746,333,100 $737,393,400 $497,000,000 $1,980,726,500 $596 $1,407
2024 784,959,000 $775,405,700 $519,000,000 $2,079,364,700 $620 $1,459
2025 825,708,400 $815,503,800 $556,000,000 $2,197,212,200 $649 $1,522
2026 868,856,900 $857,781,100 $577,000,000 $2,303,638,000 $675 $1,577
2027 914,404,000 $902,163,000 $616,000,000 $2,432,567,000 $706 $1,645
Subtotals 11,843,348,100 11,612,000,000 $8,038,347,000 $31,493,695,100 $9,900 $23,700
% S-Total 38% 37% 26% 100% $495 $1,185
MVET Eliminated ^--Avg Tax per Year--^
2028 962,498,100 $948,803,500 $625,856,000 $2,537,157,600 $730 $1,696
2029 800,657,100 $997,931,500 $660,535,700 $2,459,124,300 $701 $1,623
2030 842,173,300 $1,049,823,900 $697,140,300 $2,589,137,500 $732 $1,689
2031 885,861,400 $1,104,431,200 $735,777,100 $2,726,069,700 $763 $1,755
2032 931,823,700 $1,161,881,500 $776,559,000 $2,870,264,200 $796 $1,824
2033 980,241,400 $1,222,401,200 $819,605,200 $3,022,247,800 $830 $1,896
2034 1,031,332,200 $1,286,262,300 $865,041,800 $3,182,636,300 $866 $1,972
2035 1,085,329,400 $1,353,756,500 $913,001,700 $3,352,087,600 $904 $2,051
2036 1,141,422,100 $1,423,870,200 $963,625,100 $3,528,917,400 $943 $2,133
2037 1,200,444,300 $1,497,645,900 $1,004,510,400 $3,702,600,600 $981 $2,211
2038 1,262,861,200 $1,575,665,100 $0 $2,838,526,300 $758 $1,703
2039 1,328,903,500 $1,658,216,100 $0 $2,987,119,600 $790 $1,771
2040 1,398,721,700 $1,745,487,000 $0 $3,144,208,700 $825 $1,842
2041 1,471,455,300 $1,836,252,300 $0 $3,307,707,600 $860 $1,916
2042 1,547,970,900 $1,931,737,500 $0 $3,479,708,400 $896 $1,993
2043 1,628,465,400 $2,032,187,800 $0 $3,660,653,200 $934 $2,074
2044 1,713,145,600 $2,137,861,600 $0 $3,851,007,200 $974 $2,157
2045 1,802,229,200 $2,249,030,400 $0 $4,051,259,600 $1,016 $2,245
2046 1,895,945,100 $2,365,980,000 $0 $4,261,925,100 $1,059 $2,337
2047 1,994,534,300 $2,489,010,900 $0 $4,483,545,200 $1,105 $2,432
2048 2,098,250,000 $2,618,439,500 $0 $4,716,689,500 $1,152 $2,532
2049 2,207,359,000 $2,754,598,300 $0 $4,961,957,300 $1,202 $2,636
2050 2,322,141,700 $2,897,837,500 $0 $5,219,979,200 $1,254 $2,744
2051 2,442,893,100 $3,048,525,000 $0 $5,491,418,100 $1,308 $2,858
2052 2,569,923,500 $3,207,048,300 $0 $5,776,971,800 $1,365 $2,976
2053 2,703,559,500 $3,373,814,800 $0 $6,077,374,300 $1,424 $3,100
2054 2,844,144,600 $3,549,253,200 $0 $6,393,397,800 $1,486 $3,229
2055 2,992,040,200 $3,733,814,400 $0 $6,725,854,600 $1,550 $3,363
2056 3,147,626,200 $3,927,972,700 $0 $7,075,598,900 $1,618 $3,504
2057 3,311,302,800 $4,132,227,300 $0 $7,443,530,100 $1,688 $3,651
Totals $64,388,604,600 $76,923,768,100
$141,312,372,700 $16,100,000,000 $157,412,370,600 $41,400 $93,600
% Total 41% 49% 10% 100% $830 $1,870
^--Avg Tax per Year--^

Prepared by James W. MacIsaac, P.E. August 30, 2007