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Since the 1-cent sales surtax for infrastructure,commonly called the Penny for Pinellas,went into effect in February 1990,St. Petersburg citizens have benefited fromthe following improvements in four main categories:
Neighborhood And Citywide Infrastructure
Public Safety
Recreation & Culture
1. The City of St. Petersburg receives over $20 million of the $136 million the sales surtax generates in Pinellas County annually. 2. The Penny is paid by everyone who purchases non-tax-exempt items within Pinellas County. 3. Approximately 30% of the Penny is paid by people visiting Pinellas County, who use our facilities, but may not pay other types of taxes. 4. The Penny is allowed by state law, but can only be used for capital improvements and public safety equipment. It cannot be used to pay for operating expenses, like salaries, utilities and expendable supplies. 5. The Penny was first authorized by Pinellas County voters by referendum in November 1989, and again in March, 1997. 6. Unless Pinellas County voters agree to re-authorize the Penny for a third ten-year period, it will expire on January 31, 2010. 7. Pinellas County voters are being asked to make this decision to re-authorize in 2007 to ensure sound capital improvement planning for the upcoming years. 8. Before the Penny for Pinellas, St. Petersburg used revenue bonds, i.e., debt financing for all major improvements, and transferred approximately $1 million annually from the City's General Fund for capital improvements. 9. The first and second ten-year Penny programs enabled the City to replace, improve and extend the life of City facilities on a pay-as-you-go basis, thus avoiding the interest costs of borrowing. 10. The Penny has allowed the City to replace or upgrade many older facilities, to improve their safety, increase their service capacities, and reduce costs through fire sprinkling and energy efficient lighting. 11. The Penny has enabled the City to improve its ability to routinely extend the life of its infrastructure and replace damaged infrastructure, like sidewalks. 11. The Penny has been paired with other funding sources, like the stormwater fee, to make major drainage improvements, and has been used to leverage many grants from regional, state and federal sources to stretch local dollars further.
All the cities in Pinellas County and the Board of County Commissioners would need to revert to other existing funding sources for major capital improvements. These would include General Funds and borrowings that were used before the Penny existed. Without a dedicated funding source, like the Penny, capital improvements would compete with operations to a greater extent, probably slowing the amount of improvements made. Also, more of the burden would be born by local residents, since other local funding sources may not be contributed to as extensively by those visiting and paying sales tax through their purchases.
[ More County Information on Penny for Pinellas ] [ View Penny for Pinellas Projects Map (GIS) ]
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Modified:Jun 17, 2008 02:28 PM
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- MAJOR LEAGUE SOCCER VISITS ST. PETERSBURG
- ROWDIES HONOR ARMED FORCES
- THREE YEARS IN A ROW AT NUMBER ONE
- BREAKFAST WITH THE MAYOR WED. MAY 23
- RAYS WELCOME TWO A.L. EAST OPPONENTS, KICK OFF INTERLEAGUE PLAY IN EIGHT-GAME HOME STAND
- MAY BUDGET SUMMIT OFFERS SECOND OPPORTUNITY FOR PUBLIC INPUT
- NEW WATER RESTRICTIONS IN EFFECT IMMEDIATELY
- ST. PETE TOGETHER, A NEW COMMUNITY BASED ACTION GROUP IS SEEKING MEMBERS
- CLAM BAYOU PUBLIC FORUM MAY 22
- MAHAFFEY UNVEILS ART ON THE 'CUTTING EDGE'




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basketball courts and refinishing of Gymnasium floors.
