HomeMy WebLinkAboutCBC Meeting 11-20-2015 - Half Cent Sales Tax1/12/2016
Half Cent Infrastructure Sales Tax Initiative
Agenda
St. Lucie County Board of County Commissioners
Citizens Budget Committee Meeting
November 20, 2015
COCINT u n -.ilr
1/12/2016
ocal Government Infrastructure Surtax
• Amount Levied:
• Each county may levy a discretionary sales surtax of 0.5% or 1%
• Referendum: Two Methods
• Enacted by a majority of County Commission and approved by the majority
of the voters by referendum.
• Municipalities representing a majority of the county's population may
initiate the surtax by adoption of resolutions calling for a countywide
referendum and approved by the majority of the voters by referendum.
• Length:
• Surtax Referendums enacted after July 1, 1993 do not have a limit on the
length of levy
• Distribution: Two Methods
• Local agreement to determine the distribution of the surtax
• Formula provided in Florida Statute 218.62 (based on the Local Government
Half -Cent Sales Tax formulas)
• 49.95% - County M
• 50.05% - City R
dcal Government Infrastructure Surtax
Estimated Proceeds
• $15,576,076 (based on the Local Government Half -Cent
Sales Tax formulas 49.95% to County)
Bonds
• May pledge the proceeds of the tax for the bonds
• Counties and municipalities may join together for the issuance
of bonds
County Comparison
• 18 Counties in the State of Florida levy the Infrastructure Surtax
• Neighboring counties that levy the Infrastructure Surtax and
effective date:
• Okeechobee (Oct 1. 1995)
• Indian River (Jun. 1989)
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orized Uses of Proceeds
• To finance, plan, and construct infrastructure
• To acquire land for public recreation, conservation, or
protection of natural resources
• To provide loans, grants, or rebates to residential or
commercial property owners who make energy efficiency
improvements to their residential or commercial property,
if a local government ordinance authorizing such uses is
approved by referendum
Per Section 212.005(2) Florida Statutes
ra st r u ct u re Examples
Infrastructure related investment with a life expectancy of least 5
years. Examples are:
• Roadway Improvements
• Stormwater Drainage
• Equipment and Vehicles
• Building and Facility Improvements
• Jails
• Parks/Special Facilities
• Other:
• Energy Efficiency Improvements
• Court Facilities
• 15% can be allocated to Economic Development
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History of St. Lucie County Voted Debt & Taxes
• 1973 : Special Taxing District Referendum -Failed
• Dec. 1973: Recreation Bond Referendum - Failed
• Nov 1982: Beach Acquisition Bond Referendum - Passed
• Jul. 1984: General Obligation Bond for Jail - Passed
• Nov 1984: 1% Sales Tax Referendum Criminal Justice Center - Passed
• Sep. 1986: Water & Sewer Authority Special Referendum - Passed
• Mar. 1988: Kent Sales Tax - ?????
• Oct. 1990: Children's Services Referendum - Passed
History of St. Lucie County Voted Debt & Taxes
• Nov. 1992: County Referendum Econ. Dev. Ad Valorem Tax Exemption -Passed
• Oct. 1993: General Obligation Bonds for Jail - Failed
• Oct. 1993: Sales Tax to Fund the Construction of Transportation and Other
Public Facilities - Failed
• Nov. 1994: Environmentally Significant Lands Acquisition Referendum -
Passed
• Dec. 1997: Penny Tax for Infrastructure - Failed
• Nov. 2002: St. Lucie County Parks Referendum - Passed
M
1/12/2016
Nonresidents
25% of Nonresidents
will pay the local
option sales tax,
according to 2 012
Study done by the
University of West
Florida
Nonresident
25.00%
Resident
75.00%
Q
Growth of Gross Sales Tax In Florida
Percentage Change
Sales Taxes are 16.00%
13.99%
14.00%
estimated to grow l0000
8.00 i°
on average of 4 % to 6.00% 5.71% 5.53%
4.55% 4.43o/n 4.39o/n
4.00%
6% in the next 6 2 00
0.00%
2016 2017 2018 2019 2020 2021
years ■ ■ Percentage Change
Source: Florida Office of Economic & Demographic Research
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ategones
Category
Description
Amount
Public Safety
Projects that improve public safety services to the
$12,800,000
resident of St. Lucie County
Environmental
Projects which enhance our natural environment either
$79,350,000
through preservation or mitigation of our natural
resources air, land or water
Transportation
Projects that improve our transportation system of
$283,700,000
Infrastructure
roads, intersections and bridges
Economic
Projects that improve our ability to retain or attract
$217,900,000
Development
businesses and increase employment in the region
Public Safety Projects
Priority
Description
Amount
1.
800 MHz Public Safety Radio System
$12,000,000
2.
Sheriff Vehicle Replacement
800,000
Total
$12,800,000
1/12/2016
Priority
Description
Amount
1.
Paradise Park Phase 4 (FINAL PHASE)
$2,000,000
2.
Paradise Park Drainage -Phase 5
300,000
3.
Platts Creek Preserve
300,000
4.
Melville Rd Stormwater Master Plan
1,250,000
S.
Melville Rd (Ph 1-5 Design and Construction)
11,000,000
6.
San Lucie Stormwater Master Plan
200,000
7.
San Lucie Drainage Improv-Phase II
2,100,000
8.
San Lucie Ph3-5 (Design and Construction)
7,000,000
9.
White City Drainage Citrus & Saeger Phase 1
$0
Projects
Priority
Description
Amount
10.
Wet Detention Pond Retrofit Program - TMDL
$2,500,000
11.
St Lucie Estuary/Indian River Lagoon Nutrient Removal Initiative -
TMDL
9,500,000
12.
Harmony Heights Phase I
200,000
13.
Harmony Heights Drainage Improvements (Ph 2-5)
7,000,000
14.
Sunland Gardens Neighborhood Improvement Project
25,000,000
15.
White City - Canals F and G
11,000,000
Total
$79,350,000
1/12/2016
Transportation Infrastructure Projects
Priority
Description
Amount
1.
Kings Hwy & Indrio Rd Intersection
$14,900,000
2.
Midway Road (Glades Cut-off Rd to Selvitz Rd)
15,000,000
3.
Jenkins Road(Midway Rd to St. Lucie Blvd.)
120,100,000
4.
Airport Connector (turnpike to Kings Hwy.)
13,800,000
5.
Glades Cut-off Rd. (Commerce Ctr. to Selvitz Rd)
70,100,000
6.
Selvitz Road (Glades Cut-off Rd. to Edwards Rd.)
9,300,000
7.
Road Resurfacing (25 miles per year)
40,500,000
Total
$283,700,000
cour.rry A-.y.
Economic Development Projects
Priority
Priority
Description
Amount
1.
Port Land Acquisition
$100,000,000
2.
Airport Development
20,000,000
3.
Mets Stadium Development
75,000,000
4.
Taylor Dairy Road Reclaimation Facility and Water Treatment
Plant
20,000,000
5.
Water Main on Indrio Road and US Highway 1
2,900,000
Total
$217,900,000
1/12/2016
Next Steps
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