Title
A Resolution Of The City Commission Of The City Of Hollywood, Florida, Authorizing The Appropriate City Officials To Execute The 2020 Amendment To The Interlocal Agreement With Broward County Regarding Additional Local Option Gas Tax On Motor Fuel, And The 2020 Amendment To The Interlocal Agreement With Broward County Regarding Additional Local Option Gas Tax On Motor Fuel For Transit.
Strategic Plan Focus
Financial Management & Administration
Body
Staff Recommends: Approval of the Resolution.
Explanation:
The County levies five local option gas taxes, of which, three are shared with municipalities through an interlocal agreement. Pursuant to Section 336.025 of the Florida Statutes, local option gas taxes can only be used for transportation expenditures and are distributed based on municipalities representing a majority of the population of the incorporated area within the County.
The "original" six-cent local option gas tax expired August 31, 2018 and was re-established and re-levied by the County. During this time, the City entered into a 30-year interlocal agreement with the County. The proceeds of the original local option gas tax automatically renews each year pursuant to Resolution R-2018-070 adopted in 2018. The Cities' share of the six cent local option gas tax is 37.5%.
In addition to the six-cent local option gas tax, the City has two interlocal agreements for an additional local option gas tax and a transit gas tax. The additional local option gas tax was established on January 1, 1994 and levies an additional three-cents. The Cities' share of the three cent local option gas tax is 51.27%. The transit gas tax was established January 1, 2001 and levies an additional one-cent. The Cities' share of the transit gas tax is 26%.
This resolution seeks authorization to execute the attached 2020 Amendments to the Interlocal Agreements between the City of Hollywood and Broward County for the additional three-cent local option gas tax and t...
Click here for full text