Is this a new tax?
No, this is not a new tax. This is a continuation of the existing penny that was first approved on March 10, 1992. It must be periodically reapproved by voters. The current cycle ends in 2017. In November 2014, voters will be asked to consider the continuation of this funding source for an additional ten years (through 2027) to help fund roads, increased police and fire protection, libraries, parks, and environmental protection initiatives.
How much more will the sales tax cost me?
There will be no increase. This is a continuation of what you already pay.
Do tourists and other non-residents pay this additional penny?
Yes, people visiting or passing through the county pay an estimated 34% of the money collected.
What are the advantages of using a sales tax?
It is a fair funding source that is paid by everyone, not just homeowners. It is a pay-as-you-go revenue source that helps fund roads, increased police and fire protection, libraries, parks, and environmental protection initiatives and improves the quality of life for everyone in the county.
Who will benefit from the extension of the penny?
All residents, businesses, and visitors in Escambia County will benefit directly by improved roads and drainage, increased police and fire protection, libraries, parks, and environmental protection. All the money collected will be used in Escambia County.
What assurances are there that the revenue derived from the penny will be used for the purposes stated?
Florida law requires that the county adopt a plan for use of the revenue at the same time the funding source is approved. All revenue is kept separate from other county funds and can only be used for the types of projects authorized by the referendum, ordinance, and Florida law.
Why is the continuation of the penny needed?
The county continues to be faced with the need to fund its growth. This funding source is a way to pay for the needed improvements to roads and drainage, increased police and fire protection, libraries, parks and environmental protection.
Doesn’t the county have enough surplus funds to pay for these projects?
No. Major improvements have been made to the county’s road programs that need to be continued. Also, any future building projects would have to be financed which would be more costly to the county’s citizens. Additionally, growth needs cannot be entirely met without this revenue source.
Will necessities be exempt from this tax?
Yes. Food, medicine, mortgage payments, house rental or car payments are exempt from the penny. Also, only the first $5,000 on any single purchase, such as a car, is taxed.
