Exh 4B4B
NOVEMBER 13, 2000
November 13, 2000
STAFF REPORT
CITY OF ATLANTIC BEACH
AGENDA ITEM: Proposed uses for the proceeds of the.``/z cent sales surtax approved
by the voters to become effective January 1, 2001.
DATE: November 6, 2000
SUBMITTED BY: Nelson Van Liere, Finance Director.
BACKGROUND: On September 5, 2000, the voters of Duval County approved a
referendum imposing an additional ``/z cent sales surtax to fund the
"Better Jacksonville Plan". As part of the plan, the municipalities
within Duval County would receive 50% of the sales tax generated
within the County allocated on aper-capita bases. This was to
assure the citizens of the respective municipalities that a portion of
the tax would directly benefit their communities. The distribution
of the proceeds was agreed to by the City of Jacksonville and the
other cities in an inter-local agreement approved by the City of
Atlantic Beach this past June.
The City of Atlantic Beach will benefit from this agreement by
receiving a monthly distribution totaling about $500,000 a year.
These distributions are expected to begin around February or
March 2001.
When the City's Annual Operating Budget was proposed, the
availability of this revenue source was not definite. As a result,
there were no appropriations designated in the operating budget.
BUDGET: There is no budget for this revenue source. Creating a budget will
require an ordinance to be placed before the City Commission for
adoption to establish a new fund which will restrict it for allowable
expenditures.
The specified uses include the following:
Roads and Transportation
Environment / Quality of Life
Economic Development
Public Facilities
Bond Indebtedness for (new projects ),of the above
4B
NOVEMBER 13, 2000
mentioned types.
The'/z cent sales surtax revenues cannot be used for
the following:
The operational expenditures of any infrastructure project
except in connection with Tazgeted Economic
Development Projects;
To supplement or replace user fees or to reduce ad valorem
taxes existing prior to the effective date of the Surtax;
RECOMMENDATION: That the Staff and City Commission begin to assemble a list of
eligible capital items to be prioritized and discussed for possible
funding during the Spring of 2001 sttategic planning sessions.
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