Penny For Pinellas 2020-2030 RENEWAL REFERENDUM ELECTION NOVEMBER - - PowerPoint PPT Presentation

Penny For Pinellas

2020-2030 RENEWAL REFERENDUM ELECTION NOVEMBER 7, 2017

What is the Penny for Pinellas?

• A 1% sales tax paid by everyone who spends money in Pinellas County.
• Nearly one third of revenues are paid by tourists and seasonal visitors.
• The 1% sales tax was originally enacted in 1990 and renewed in 2000 & 2010.
• The tax is NOT collected on essentials such as groceries and medicine.
• The tax applies to ONLY the first $5,000 of a single purchase.
• Revenue stays LOCAL. It is collected and reinvested in capital improvement within

Pinellas County.

• The revenue collected allows investment in infrastructure without utilizing property

tax revenue. Annually, the Penny generates the equivalent of 2.4 mills of property tax value ($240 for the average home in Pinellas County)

• The City has received over $40 million since the Penny was first enacted in 1990.

What can the Penny be used for?

• Investment in Infrastructure:

Infrastructure is defined to include any fixed capital expenditure or

• utlay associated with construction, reconstruction or improvement of

public facilities that have a life expectancy of 5 Years or more.

• Land acquisition and improvement
• Fire and Police vehicles and associated equipment with a life

expectancy of 5 years or more

• Fire and police equipment with a life expectancy of 5 years or

more

Penny Renewal Facts and Timeline

• March-April 2017: Community and Legislative Body Discussion and Input
• April 2017: Establishment of County and Municipality Priorities
• May 2017: Public Information Materials Produced by Pinellas County
• June 2017: Municipalities execute inter-local agreement with Pinellas County
• July – August 2017: BCC establishes ballot language and ratifies inter-local agreement
• Summer – Fall 2017: Public education and outreach
• November 7, 2017: Referendum election on Penny Renewal

Revenue estimates:

• Total Projected Revenue: $2.0 Billion
• County wide Investments: $225 Million (11.3%)

Jail & Court Facilities: $60 Million Jobs, Wages, Housing: $165 Million

• Balance Split County and Municipalities: $1.8 Billion

Pinellas County: $915 Million Municipalities: $853 Million (Tarpon Springs $30.9 Million)

• Tarpon Springs 2017 Estimated Penny Revenue = $2,328,957

Equivalent Millage = 1.4717 or 27.2% increase to the current millage rate of 5.42 for a total of 6.89

COUNTY-WIDE INVESTMENT - $165 Million

MORE JOBS, HIGHER WAGES & MORE HOUSING OPPORTUNITIES

• Partnership between County, Municipalities and Housing Finance Authority
• Infrastructure investment to attract large employers
• Affordable workforce and transitional housing
• Site development: land assembly, site prep, infrastructure improvements
• Industrial and Class A Office Space development
• Redevelopment and Repurposing

Pinellas County envisions a tiered approach to distribution of funds based on size with matching funds from the City with projects to be prioritized by a review group to be determined.

Public Education and Outreach

• Website
• Social Media
• Educational materials at City Facilities (Library, Community Center, City Hall)
• Event Displays
• Outreach to Community Groups
• Letters / Articles to Print Media
• Board of Commissioners Meetings April – June
• Coordination with Pinellas County (website, speakers bureau, print resources)

Tarpon Springs has received over $40 Million in revenue from the “Penny” since it was

• riginally approved in 1990.

Following are a few of the projects completed by the City utilizing “Penny for Pinellas” funds.

Past Penny Projects – Building Facilities

CITY HALL REHABILITATION TARPON SPRINGS PUBLIC LIBRARY FIRE RESCUE STATION 71 PUBLIC SAFETY FACILITY Train Depot Roof Restoration

Past Penny Projects – Parks & Recreation

DISCOVERY PLAYGROUND NORTH SAFFORD RECREATION COMPLEX PROPOSED COMMUNITY POOL

Past Penny Projects - Transportation

SIDEWALK IMPROVEMENTS STREET IMPROVEMENTS MLK Jr. DRIVE LEMON STREET

• N. SAFFORD AVENUE

BAY STREET RE-BRICK CANAL STREET

Past Penny Projects – Public Safety Vehicles

Past Penny Projects – Other Infrastructure

DISSTON STORMWATER PROJECT BAYOU SEA WALL RESTORATION EMERGENCY OPERATIONS CENTER CYCADIA CEMETERY IMPROVEMENTS

Ideas for Penny Funds if Renewed for 2020-2030

• Infrastructure Improvements

Sewer Line Expansion (eliminate septic) Replace Old Water Lines Stormwater Projects

• Public Safety

Fire Advance Life Support Engines Police Vehicles Fire Staff Vehicles Fire Station 70 (Gulf Rd) Replacement

• Brick Street & Road Reconstruction
• Library Expansion or Satellite
• Land Acquisition

Parks, Spoil Site, Environmental, Additional Parking

• Seawall Restoration
• Pedestrian-Bicycle Trail Enhancements
• Cemetery Expansion
• Golf Course Clubhouse/ Restaurant/

Meeting Space and Additional Parking

• Permanent Entranceway Signage
• Senior Center
• Neighborhood Playgrounds
• Recreation Fields / Complex

Continuing Input from the Community and Board of Commissioners April 18 & May 2 BOC Meetings More information and updates on our website: www.ctsfl.us/penny Send us your suggestions: cityhelp@ctsfl.us Vote November 7, 2017!