Here are some details on the Sidney terminal lease agreement and cost sharing from the Town's Financial Plan. Elsewhere it has been quoted the lease payments and property taxes received from WSF amount to ~$250,000.
"The Town renewed its lease agreement with Washington State Ferries (WSF) in 2011, for a term of up to 35 years. During lease negotiations, a lifecycle costing study of the terminal was undertaken. It was agreed by the parties that annual lease payments by WSF were to be based on 80% of the lifecycle cost of the terminal assets. The Town should be setting aside funds each year to fulfil its own 20% obligation. This cost-sharing is based on the fact that there are financial benefits of the ferry route on both sides of the border, and therefore both parties should be responsible for a share of the replacement of the assets.
The ferry terminal property generates taxes each year; the municipal portion of these taxes is approximately $80,000. It was envisioned during lease development that the Town would use these tax funds generated from the terminal to fund its own contributions to the Ferry Reserve; that way, the property would continue to self-fund. Reallocating these funds away from general revenue does have an impact on the taxes remaining for other purposes.
It is proposed that the first contribution to the Ferry Reserve begin with a $50,000 allocation in 2020. This would increase to $75,000 the following year, and by inflation in each year thereafter. The sufficiency of the reserve contributions will be reviewed periodically, to ensure that replacement funds are in place when required. "