The request is to enter into an Interlocal Agreement among Pasco County, City of Dade City, City of New Port Richey, City of Port Richey, City of San Antonio, Town of St. Leo, City of Zephryhills and the District School Board for the proposed 2025 distribution of Infrastructure Surtax Proceeds (Penny for Pasco) program funds and to adopt Resolution No. 2022-10 which outlines the projects that will be funded from the surtax proceeds for the period of the tax through December 31, 2039.

As you are aware, the current Penny for Pasco is a ten-year surtax the term of which shall end on December 3, 2024.  In addition, the governmental entities involved in the Interlocal Agreement seek to ask the Pasco County electorate for their consideration at a referendum election for a fifteen-year Penny for Pasco which if approved would commence on January 1, 2025 and continue until December 31, 2039.

In compliance with Section 212.555(2), Florida Statutes, the entities levying the surtax must consent via an Interlocal Agreement to consent via a school district to share in the distribution of surtax proceeds.  Secondly, the Florida Statutes set forth a requirement that the distribution of proceeds between the participating units of government must be set by Interlocal Agreement.  That being said Section 218.62, Florida Statutes, sets forth a formula by which the distribution shall occur. Incidentally, the distribution formula largely reflects the population of the governmental entity.

The Interlocal Agreement consents to the School District of Pasco County receiving the proceeds from the Penny for Pasco proceeds and specifies that the distribution will occur as noted below.

As part of the provisions outlined in the attached Interlocal Agreement, City Council must also adopt a resolution which provides a brief general description of projects that will be funded from the surtax proceeds for the period of the tax through December 31, 2039.  That resolution has also been attached for Council's review and approval.