WHAT IS IT?
On the November 6, 2018 General Election ballot, Broward County will be coming to voters with a referendum for a penny surtax for transportation. The penny surtax will fund countywide transportation projects to relieve traffic congestion in all 31 municipalities that include improvements to traffic signalization, County roadways, intersection improvements, senior mobility options, public transportation (bus and rail) and to fund future investments in Broward’s transportation system.
WHAT IS THE BROWARD PENNY FOR TRANSPORTATION?
The Broward Penny for Transportation is a penny surtax that will target the communities biggest traffic problems with solutions that will give residents a greater quality of life including:
- Adaptive traffic signalization resulting in less traffic congestion
- Intersection improvements including resurfacing, pavement markings, mast arm upgrades, drainage improvements, sidewalk and ADA updates
- School zone safety improvements
- Fiber optic network improvements on critical roadways that support new signal technologies
- Bike lanes, expanded transit system facilities and routes to support new and improved transit service, and possible light rail system
- Miles of Resiliency Projects
WHY IS THE BROWARD PENNY FOR TRANSPORTATION IMPORTANT?
The County funds its transportation programs through gas tax revenues and general revenue funds (derived from property taxes and other sources). The federal gas tax, which is a flat amount that does not change with the price of gas, has not increased in 20 years and the amount of money generated by the gas tax has declined as a result of people driving less and cars being more fuel efficient. At the same time, the costs for operating and maintaining a fleet of public transit buses, traffic lights, and roads has increased.
The County also seeks to dramatically improve rapid transit options including express bus and light rail options, which would benefit not only transit riders but others through reduced road congestion.
HOW LONG WOULD THE TAX BE IN PLACE?
If approved by voters, the tax will be in effect for 30 years.
HOW MUCH WILL THIS PENNY SALES TAX GENERATE?
The penny tax is expected to generate approximately $300 million in its first year with an estimated nearly $16 billion projected sales tax revenue total.
HOW MUCH WILL IT COST ME?
For every dollar that you spend on a taxable item you will pay one cent in sales tax. For example, if you go to a restaurant and spend $25 on a meal, you will spend an additional 25 cents in sales tax. Non-residents, visitors and tourists are expected to generate between 30 and 40 percent of the sales tax revenue.
WHAT ARE SOME OF THE ECONOMIC IMPACTS OF THE BROWARD PENNY?
- Thousands of planning, design and construction jobs are expected to be created, both short-term (project specific) and long-term (operations and maintenance) over the next 30 years.
- Businesses and industries that use overnight shift workers who are transit dependent (hoteliers, restaurants, hospitality and tourism) will benefit by the increased frequency and lengthened schedules of buses.
- Residents, visitors, business and property owners and the entire Broward workforce will benefit because of transit oriented developments and better transportation networks being created.
- Operations, maintenance, transportation and infrastructure related companies and others may relocate or open offices in Broward County to meet the demand for project delivery and operations.
Virtually every resident would benefit in some way by the Broward Penny.