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Resolution Adopting List of Specific Projects to be Funded With Proceeds From One-Cent Local Government Infrastructure Surtax
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BRIEF OVERVIEW
Should the Board adopt the proposed ordinance setting a referendum to levy a one-cent infrastructure surtax, the attached, proposed resolution lists the specific projects to be funded by the County with its share of the surtax' proceeds. If approved, the tax would begin collection on January 1, 2025, and continue through December 31, 2054.
The Local Government Infrastructure Surtax Tax is a revenue source that is authorized by Fla. Stat. ? 212.055(2) and effective upon an affirmative vote by referendum of a majority of a county's voters. The revenues raised from the tax may be used to address a wide variety of infrastructure needs facing local governments, as well as a recent statutorily authorized use to dedicate a portion of the proceeds to economic development.
Pursuant to Fla. Stat. ? 212.055(2), the eligible uses of the tax are:
? The financing, planning, and construction of infrastructure; to acquire land for public recreation, conservation, or protection of natural resources, or to finance the closure of solid waste landfills that have been closed or are required to be closed by order of the Department of Environmental Protection. In this context, infrastructure means any capital expenditure associated with reconstruction, construction, or improvement of a public facility that have a life expectancy of five or more years, including land acquisition, land improvement, design and engineering. Public safety vehicles with a life expectancy of 5 or more years are also eligible.
? Providing for the needs of the judiciary, such as the construction, leasing, or maintaining of court facilities.
? Providing for energy conservation and efficiency improvements that reduce consumption through conservation or a more efficient use of electricity, natural gas, propane, or other forms of energy on the prop...
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