Item Coversheet

12.C.
New Business
4/5/2016

CITY OF BOYNTON BEACH
AGENDA ITEM REQUEST FORM
COMMISSION MEETING DATE:  4/5/2016
REQUESTED ACTION BY COMMISSION: 

PROPOSED RESOLUTION NO R16-053 - Supporting Palm Beach County and the School District of Palm Beach County's plan to enact a one-cent sales tax to pay for needed improvements to public infrastructure, parks, public safety initiatives and economic development and to place a referendum on the November 8, 2016 ballot for voter approval of such sales tax.

EXPLANATION OF REQUEST: 

Palm Beach County, the School District and the PBC Cultural Council have been considering a one-half penny sales tax to pay for much needed infrastructure improvements (roads, bridges, county parks, public facilities and public safety initiatives), technology improvements, building safety improvements and economic development.  

 

Instead of each agency seeking its own sales tax referendum all agencies decided to collaborate for one initiative  to demonstrate unity, good planning and combined leadership. Florida Statutes provides that municipalities automatically share in the distribution of a surtax which is distributed by population.

 

The proceeds from the one penny are proposed to be distributed as follows: School District 48.0%; PBC 27.5%; Municipalities 18.5%, PBC Cultural Council 4.5% and 1.5% for economic development.  The surtax is proposed  for 10 years, at which time it would sunset. 

 

Early on during the discussions the County requested cities to submit their list of needs and backlog.  All of Boynton Beach's needs are identified in the city's Capital Improvement Budget as adopted by the City Commission on an annual basis. Therefore, staff submitted the attached list of our 5 year Capital Improvement Program.

 

Also attached is a spreadsheet which demonstrates the annual revenues all  agencies can anticipate receiving.  Should the combined initiative go to the ballot as proposed, and be approved by the voters, the City's distribution would be approximately $3.9M annually for ten years.

 

This Resolution demonstrates our support of the initiative.  

HOW WILL THIS AFFECT CITY PROGRAMS OR SERVICES? 

The infrastructure sales surtax would be a new and reliable alternative funding source for the City to fund its capital infrastructure needs.  Currently, adequate funding sources do not exist to meet all of the needs identified in the city's capital improvement program.

 

FISCAL IMPACT:  Non-budgeted 

Potential revenue source of $3.9M annually for ten years to fund much needed capital improvements/infrastructure repairs/upgrades.

ALTERNATIVES: 
STRATEGIC PLAN:
STRATEGIC PLAN APPLICATION: 

CLIMATE ACTION:  No
CLIMATE ACTION DISCUSSION: 
Is this a grant?  No
Grant Amount: 
ATTACHMENTS:
TypeDescription
ResolutionResolution Supporting the One Cent Sales Tax
AddendumBoynton Capital Needs List
AddendumRevenue Estimates
REVIEWERS:
DepartmentReviewerActionDate
Financial ServicesAnswererApproved3/30/2016 - 10:24 AM
Financial ServicesAnswererApproved3/30/2016 - 10:24 AM
Financial ServicesAnswererApproved3/30/2016 - 12:08 PM
LegalAnswererApproved3/30/2016 - 3:39 PM
City ManagerAnswererApproved3/31/2016 - 9:50 AM