Thursday, June 21, 2012

Trio of cities get their first cut of half-penny tax - Doral - MiamiHerald.com. Cutler Bay receives $3 Million for past due transit tax revenue.

Trio of cities get their first cut of half-penny tax - Doral - MiamiHerald.com
Look for additional improvements in Cutler Bay’s local transit options.  As reported in the Miami Herald, Trio of cities get their first cut of half-penny tax, by Paradise Afshar, Doral, Miami Gardens and Cutler Bay have begun to receive their share of the People’s Transportation Plan surtax for the first time.  The payments include large lump sum payments to make up for lost years of revenue, which will be of particular value.  The Herald reported that Doral received nearly $2.7 million, Miami Gardens nearly $8.2 million and Cutler Bay about $3 million in back transportation taxes

As posted in the Herald: The payments for each city break down as:

• Cutler Bay got $1,222,746 for the 2010 fiscal year, $1,294,046 for the 2011 fiscal year and $558,365 to date in 2012.

• Doral got $1,009,334 for the 2010 fiscal year, $1,082,382 for the 2011 fiscal year and $633,457 to date in 2012.

• Miami Gardens received $3,269,292 for the 2010 fiscal year, $3,446,998 for the 2011 fiscal year and $1,485,334 to date in 2012.

The municipalities can only use transit-tax proceeds received for transportation use such as circulator buses, bus shelters or other transit-related infrastructure.

"We will do what the law allows us to do with the money," said Cutler Bay Mayor Ed MacDougall. "This money was needed."

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