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MEMORAND UM
R f rGIAi FILE GUP T
CLERK Of THE B04n^C
Or COUNTY DOMM-iSSION:
D4DE COUNTY. FLOj)4
Amended
Substitute No. 2
Alternate
Agenda Item No. 4(A )
TO: Hon. Chairperson and Members
Board of County Commissioners
FROM: Robert A. Ginsburg
County Attorney
DATE: July 9, 2002
SUBJECT: Ordinance levying one -ha
one percent surtax for trar
O#02-116
The accompanying ordinance was prepared and placed on the agenda at the request of
Commissioner Bruno A. Barreiro.
The prior versions of this item contain an Exhibit l Iisting projects to be funded by
the surtax, by categories and cost. The Exhibits attached to these prior versions left
open the type, cost and funding mechanisms for projects under the catega of
"Municipal Improvements." �7'
The attached alternate substitute number 2 has a new Exhibit l which details
of projects, the proposed method for providing funding therefor to the municipalitieses
and the cost thereof under the category "Municipal Improvements." Substitute #2 to
Alternate makes no other changes to Exhibit I. 4J°`
Robert - . Ginsburg
Caun ., Attorney
t
(Jo)
t Q _ Ca e: 1
TO:
Honorable Chairperson and Members DATE:
Board of County Commissioners
FROM: Steve Shiver._.
County Manager
SUBJECT:
July 9, 2002
Ordinance levying one half
of one percent surtax for ten:
The proposed ordinance relating to the imposition of a half -penny sales tax for
transportation needs is anticipated to result in $5.596 billion in additional revenues
over a 21 year period, given arf average growth rate projected at 5%. During the
first year .of collections, it is estimated, that the County will receive $150 million.
Over the 30 .year period, these revenues will permit the County to leverage
approximately $2.5 billion in Federal funds and $1.25 billion in State funds to
construct 88.9 miles of rapid transit and to provide funds for acquisition of additional
buses, municipal transit enhancements, road and highway improvements and to
partially cover the operating and maintenance costs for the Miami -Dade transit
system. Fares are assumed and have been projected to remain at the same rate •
over the same period. Additionally, because the maintenance of requirements
remain constant, it somewhat reduces the budgetary pressure on the general fund.
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