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A RESOLUTION OF THE CITY COMMISSION OF THE CITY OF POMPANO BEACH, FLORIDA, APPROVING AND AUTHORIZING THE PROPER CITY OFFICIALS TO EXECUTE A 2022 AMENDMENT TO THE INTERLOCAL AGREEMENT BETWEEN BROWARD COUNTY AND THE CITY OF POMPANO BEACH PROVIDING FOR DIVISION AND DISTRIBUTION OF THE PROCEEDS FROM THE BROWARD COUNTY FIFTH CENT ADDITIONAL LOCAL OPTION GAS TAX ON MOTOR FUEL FOR TRANSIT; PROVIDING AN EFFECTIVE DATE.
(Fiscal Impact: N/A)
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(Staff Contact: Erjeta Diamanti)
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Summary Explanation/Background:
One Cent Transit Gas Tax - This is the Fifth Cent of the Five Cent Local Option Gas Tax. The County retains forty-eight percent (48%) of the proceeds. The remaining fifty-two percent (52%) is distributed to the Cities in the following manner: 26% is distributed to eligible municipalities based on population. The other 26% is distributed to Cities in the form of grants for transit related programs. The City's share is deposited in Special Purpose Fund 112.
Origin of request for this action: Broward County
Fiscal impact and source of funding: Distributions are deposited in Special Purpose Fund 112
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