City of Port St. Lucie - File #: 2023-448

• File #: 2023-448
• Version: 1
• Type: Special Presentations
• Status: Passed
• File created: 5/9/2023
• In control: City Council
• On agenda: 6/12/2023
• Final action: 6/12/2023
• Title: Accept the Half-Cent Sales Tax FY 22/23 2nd Quarter Projects Update

Date	Ver.	Action By	Action	Result
6/12/2023	1	City Council	Approved	Pass

Placement: Proclamations and Special presentations                     

Action Requested: Discussion                     

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Accept the Half-Cent Sales Tax FY 22/23 2^nd Quarter Projects Update 

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Submitted By: Heath Stocton, P.E., Director, Public Works

Strategic Plan Link: The City's Goal of high-quality infrastructure and facilities.

Executive Summary (General Business): Staff will provide the City Council with an update, including highlights, graphics, and pictures of the progress and challenges of implementation of the Half-Cent Sales Tax Priority Projects for the 2^nd Quarter of fiscal year 22/23.

Presentation Information: 15-minute PowerPoint Presentation by Heath Stocton

Staff Recommendation: Request that the Council accept the FY 22/23, 2^nd Quarter Project Update

Background: On November 6, 2018, voters approved Ballot Question #14, the referendum to levy a Half-Cent Sales Tax for a period of 10 years. Prior to approval of the tax, City Council adopted an Ordinance on September 24, 2018 approving a List of Priority Projects to be funded by the additional tax, including a contingency/participatory budget. Staff provides quarterly updates to Council on the progress of the projects as well as any issues encountered. The City’s Sales Tax Action Team (STAT) provided this update to the Infrastructure Sales Tax Citizens Oversight Committee on April 21, 2023 to enable the fulfillment of the requirements of the City of Port St. Lucie’s Ordinance 18-50 and Resolution 18-R95.

Issues/Analysis: N/A

Financial Information: Original revenue projection over 10-years was $88M, which was then revised to $107M. The newest projection estimates a revenue of $119M over 10-years. Continued cost increases are creating challenges with budgeting and timing. At this point all projects are still anticipated to be funded.

Special Consideration: N/A

Location of Project: Citywide

Attachments: PowerPoint Presentation

NOTE: All of the listed items in the “Attachment” section above are in the custody of the City Clerk. Any item(s) not provided in City Council packets are available upon request from the City Clerk.

Internal Reference Number: N/A

Legal Sufficiency Review: 

N/A