Hillsborough
Date Created: 04/01/24
Last updated: 04/01/24

Hillsborough County, FL to Consider Ordinance Providing Levy of Half-Cent Local Government Infrastructure Surtax

The Commission will Receive a draft ordinance generally providing for the renewal of the levy of, and referendum on, the Half-Cent Local Government Infrastructure Surtax known locally as the Community Investment Tax (CIT). (b) Confirm as acceptable the provisions included in the draft ordinance recommended by County Administration following input received from the Board which include: 1. November 5, 2024, as the date of the referendum for the renewal of the CIT; 2. use of CIT funds for infrastructure for transportation and public works, public safety, public facilities and public utilities; 3. CIT funds may be pledged to repay bonds; 4. the County and the other governmental entities receiving CIT funds must adopt by resolution after a public hearing a list of projects to be funded every five years, like the current process for the CIT; 5. the ballot language for the referendum; and 6. placement of the referendum on the ballot is subject to the County and the other governmental entities receiving CIT funds entering into an interlocal agreement regarding distribution of CIT funds and adopting by resolution after a public hearing a list of projects to be funded for the first five years of the renewal of the CIT, like the referendum for the original levy of the CIT. (c) Determine the following with respect to the draft ordinance: 1. the duration of the renewal of the levy of the CIT; 2. how and to which governmental entities would CIT funds from the renewed CIT be distributed; and 3. if it is determined that the School Board is to receive CIT funds, how can the School Board use CIT funds. (d) Direct staff to schedule and advertise a public hearing for April 17, 2024, at 10:00 a.m., to consider enacting the subject ordinance. (e) Approve the Business Impact Estimate ("BIE") for the subject ordinance. If the subject ordinance is enacted and the associated referendum is approved by a majority vote of the electorate of Hillsborough County, an estimated $167,000,000 in new revenue in FY 27 would be available for distribution to, and use by, the County and the other governmental entities as provided for in the ordinance. The estimated new revenue in FY 28 is estimated at $206,000,000

Issue History
04/01/24	The Commission will consider the item at the 4/03/24 meeting.

Related Documents
	4/03/24 Background
	4/03/24 Meeting Agenda