On November 18, 2016, the voters Palm Beach County approved an infrastructure surtax plan of one percent (1%) on all authorized taxable transactions occurring within Palm Beach County, maximum 10 years beginning January 1, 2017, creation of an oversight committee to audit spending for compliance with approved projects, and the following allocations: 50% to the School District, 30% to the County, and 20% to the Municipalities. The proceeds of such tax would finance the renewal and replacement of existing capital investments including roadway surfaces, bridges, drainage improvements, canals, park amenities, and government buildings, all of which were deferred during the recent recession and remain outstanding, and projects to maintain levels of service. An independent oversight committee would be established to ensure that spending is in line with the statutory requirements. The Resolution establishes the City’s Infrastructure Surtax Independent Citizen Oversight Committee (Committee). The Committee will consist of the following: one representative appointed by each Councilperson and one; representative appointed by the Mayor.
The Committee will meet quarterly, or as needed, issue an annual report, may make recommendations to the Board, and ensure that the proceeds of the surtax are expended for the purposes set forth in the ballot measure and are in compliance with the City’s surtax plan.