www.mymanatee.org
Manatee County Government Administrative Center Commission Chambers, First Floor 9:00 a.m. - June 18, 2013
June 18, 2013 - Regular Meeting
Agenda Item #33


Subject
Authorize publication for Notice of Public Hearing on proposed Ordinance extending certain gas tax levies, amending Article III, Chapter 2-29 of the Manatee County Code.

Briefings
Briefing Provided Upon Request

Contact and/or Presenter Information

James Seuffert, Director, Financial Management



Action Requested

Motion to authorize publication of Notice of Public Hearing on proposed ordinance extending certain gas tax levies, amending Article III, Chapter 2-29 of the Manatee County Code relating to certain gas tax levies.



Enabling/Regulating Authority

Florida Statutes Section 336.025



Background Discussion

Over the years, the four cents of local option gas tax has been used for road construction and repairs as well as other Public Transportation uses authorized under Florida Law.  More recently, a large portion of this revenue has been used to pay debt service on the 2004 Transportation bonds, for which debt service payments are required to continue through FY2020.  In addition, as property tax revenues have declined in recent years, availability of this revenue source has enabled us to continue Transit service without reductions.

Approximately 20% or more than $1 million of the revenue is shared with municipalities, which makes it a substantial source of funding for municipal road construction and repairs.



County Attorney Review
Other (Requires explanation in field below)

Explanation of Other

N/A



Reviewing Attorney
N/A

Instructions to Board Records

Please return a fully approved electronic copy of this agenda memo with supporting documents to:

debbie.underwood@mymanatee.org

Thank you.



Cost and Funds Source Account Number and Name
N/A

Amount and Frequency of Recurring Costs
N/A