|Manatee County Government Administrative Center Commission Chambers, First Floor 9:00 a.m. - June 18, 2013|
Agenda Item #33
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.
Briefing Provided Upon Request
Contact and/or Presenter Information
James Seuffert, Director, Financial Management
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.
Florida Statutes Section 336.025
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
Instructions to Board Records
Please return a fully approved electronic copy of this agenda memo with supporting documents to:
Cost and Funds Source Account Number and Name
Amount and Frequency of Recurring Costs