Revenue Base Diversity Climate OPEN FOR BUSINESS What is Why is Revenue Base Diversity Revenue Base Important? Diversity? In 2009, the Sustainability Sounding Board Revenue base diversity is defined as total city recommended revenue base diversity as one of revenue base by source (e.g. local taxes, the 13 ‘keystone’ indicators of sustainability for tax, utilities, business license fees, etc). the Issaquah community. The change in revenue base over time was seen as a core measure of the durability and breadth of the local economy. Furthermore, change in revenue also indicates Issaquah’s ability to meet the needs of its residents and provide them with opportunities that may have otherwise been unavailable.

What are Issaquah’s Goals?

The City of Issaquah strives to encourage and maintain a robust local economy that can meet the needs of and provide opportunities to its residents.

How is Issaquah Doing?

• The City has received higher revenues from property taxes, sales taxes, B&O taxes, licenses and permits, charges for services, fines and penalties, investment , and rents and leases. These revenue sources have all increased to accommodate the needs of Issaquah’s increasing population. • The proportion of government revenue from Revenue Base Diversity (2008) sales taxes has remained relatively constant at 2% 3% 20%, while total revenue from sales taxes has 0% 2% Property Taxes 5% increased. At the same time, sales taxes per 18% Sales Taxes capita have steadily declined from $713.90 per B&O Taxes 9% Other Taxes person in 2000 to $406.19 per person in 2008. Licenses and Permits • The proportion of government revenue from Intergovernmental 11% Charges for Services property taxes and business taxes have both 25% Fines and Penalties Special Assessments increased since 2000, reflecting growth in 4% Contributions property values and business revenues. 7% Investment Income 14% Rents and Leases

Issaquah Sustainability Indicators 2010 • City of Issaquah Resource Conservation Office