Street Improvement Fund: the 1% sales & use tax at work
The Street Improvement Fund was established to collect the additional 1% sales and use tax approved by voters in November 2021. This fund can only be used to maintain and improve Mead's roadways. The 1% sales and use tax is collected annually and may be applied to the subsequent fiscal year. Ex: 1% sales and use tax collected in 2022 will be allocated in the 2023 Street Improvement Fund budget.
In 2020, the Pavement Condition Assessment study recommended a prioritized list of street repairs, improvements, and maintenance needs. The Pavement Condition Assessment (PCA) was updated in 2022 to incorporate the expected revenue generated by the Street Improvement Fund. The updated information strategically assesses current and future street maintenance needs and will be the framework for implementing the annual pavement management plan. This page will continue to provide updated project information throughout the year. The primary goal for the Conceptual five-year plan is to provide an outline for future projects and budget estimates. It does not guarantee or finalize future road work.
2023 Road Work
- Concrete Repairs & Replacement: $187,000
- Reconstruction: $2,037,000
- North Creek
- Hunters Ridge
- Deere Ct.
- North Valley Dr, Valley Drive, South Valley Dr.
- Crack Seal: $31,000
- Hunters Cove
- Dillingham, Fairbairn, Main Street, Martin, & 5th Street
2022 Road Work
- Concrete and Asphalt patching
- Crack, Chip and Slurry Seal
- CR 5 - CR 32 to Town limit, south of CR 34
- CR 5 - CR 34.5 to Town limit, north of Highland Lake
- CR 5.5 - Liberty Ranch
- Vale View
- Downtown - 1st, 2nd, Dillingham, & Fairbairn
The 2023 Adopted Budget outlines the carryover revenue from 2022 & expected revenue in 2023 from the additional 1% sales and use tax. It also includes the $375,000 annual appropriation from the general fund. The Street Improvement Fund is anticipated to collect $2.4M in 2023. All funds not used in 2023 will be allocated in 2024.
