> Hillsborough County commissioners approve proposed Community Investment Tax plan for voters
Hillsborough County commissioners approve proposed Community Investment Tax plan for voters
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Millions of your tax dollars could be on the line as voters in Hillsborough County are set to weigh in on whether to extend the Community Investment Tax, also known as CIT.
The half-cent tax is credited for funding county projects and schools in the last 28 years, however it is set to expire in 2026. The Board of County Commissioners met again Wednesday and approved plans to put this to a vote in the November ballot.
The duration of the extension would only be 15 years if approved this time.
However, 5% of the funds would only apply to the school board this time compared to 25% under the current plan. The 5% amounts to about $187 million.
"I don't think that does what we need to do for schools in our future," Commissioner Pat Kemp said.
Kemp and Commissioner Ken Hagan voted against the plan. A number of other people who spoke during public comments opposed the decision.
This November, voters also get the opportunity to weigh in on a separate referendum from Hillsborough County Public Schools. Voters may choose whether to increase property taxes with the intention of using those funds to retain staff and raise teacher salaries.
MORE: https://www.wtsp.com/article/news/local/hillsborough-county-community-investment-tax/67-81134afe-e5e3-40e7-ba1b-5b7c7d25711a
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