SUBJECT/RECOMMENDATION:
Title
Review of Penny for Pinellas IV Joint Review Committee recommendations for funding affordable housing and economic development projects. (WSO)
Body
SUMMARY:
On November 7, 2017, Pinellas County voters approved an extension of the Infrastructure Sales Surtax, a 1.0% sales tax that is dedicated to infrastructure improvement projects in Pinellas County. The approved ballot language included an 8.3% set aside for “land acquisition for affordable housing” and “capital projects to support economic development” as permissible uses of funds.
A Joint Review Committee (JRC), comprised of 12 members representing county government and cities in Pinellas, convened in 2019 to develop guidelines for the use of the set aside funds. The guidelines are to be presented to Pinellas County Board of County Commissioners on December 10, 2019, following unanimous approval of JRC on October 25, 2019.
APPROPRIATION CODE AND AMOUNT:
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USE OF RESERVE FUNDS:
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