Penny Wise Economic Stimulus
Presentation
History
- Voters approve local Option Sales Tax
("Surtax 3") in November 2007
- Tax will be levied from
September 2009 through Dec. 31, 2024
Economic Stimulus Plan Goals
- Create a sense of hope
- Enhance our business climate
- Improve infrastructure
- Create local jobs
- Impose no new taxes
* Potential projects
identified at a total cost of $252,203,000
- $190,725,000 from Surtax
revenues
- $61,478,000 from other
revenues (State Revolving Fund, grants, impact fees,
general government, Southwest Florida Water Management
District, etc.)
* Includes two transportation
projects for $48 million, each above the current charter
limitation, assuming a bonding referendum passes during this
time period.
Impact Analysis for Planning
– “economic impact
modeling system”
Of the $252,203,000
project total, it is estimated that $127,078,040 would be
awarded locally within Sarasota County.
|
Total job created: |
|
2,025 |
|
Total compensation of
jobs created: |
|
$74,651,166 |
|
Direct expenditures
within Sarasota County ($127,078,040) has a
total “ripple effect” impact of: |
|
$205,996,512 |
Current 5 year CIP Totals -
145 Planned Capital Improvement Projects
|
FY2008 |
$116,154,891 |
|
FY2009 |
$157,948,404 |
|
FY2010 |
$79,548,663 |
|
FY2011 |
$61,214,507 |
|
5
Year Total |
$467,952,698 |
Surtax III and Economic
Stimulus
Click here to
view Surtax III and Economic Stimulus
breakdown 
|
