Proposition 1, the special election measure to fund the recently formed King County Transportation Benefit District, is currently failing at 55 percent as of Tuesday night’s ballot count. Nearly 364,000 ballots for a currently 31 percent turnout have been counted. King County is anticipating a 38 percent turnout this election.

Prop 1 allows the district to implement a one-tenth of a cent sales tax and a $60 car-tab fee. Low-income county residents would get a $20 rebate.

A transportation benefit district created by the King County Council is expected to fill a $75 million funding gap for public transportation.

The funding measure is anticipated to generate $130 million in revenue. But King County Metro also will lose $25 million in annual revenue when a $20 vehicle congestion reduction fee approved by the Legislature expires in June, when a reduction in transit services is set to occur. That will have an affect on 28 of the 33 Metro routes in Bellevue, including moving stops further from Bellevue College.

If passed, 40 percent of revenue would go to local road and other transportation projects.

An updated count is to be released by 4:30 p.m. Wednesday.