Funding projects without property tax
The Penny is the County’s primary funding source for governmental capital projects. While routine costs for maintaining roads or public parks come from the County’s general fund – primarily supported by property taxes – most of our long-term investments are supported by the Penny. Examples include projects such as the Bayside Bridge, Keystone Road, the Fred Marquis Pinellas Trail and the Public Safety Complex.
The Penny covers the cost of more than 70 percent of local government capital projects completed by Pinellas County government. The Penny is used to attract funds from other sources like state and federal agencies.
How is the Penny distributed?
A renewed Penny would generate approximately $2 billion for the County and the 24 cities over 10 years, based on economic growth estimates.
The Penny is divided between the County and the 24 cities based on population. There is also a portion committed to countywide investments for renovation and expansion of courts and jail facilities.
Learn how the Penny has been invested over the years:
The Penny and sales tax rates
Pinellas County has a sales tax rate of 7 percent, close to the statewide average rate of 6.8 percent. Florida’s statewide sales tax rate is 6 percent, but a majority of county governments have a local sales tax of .5 to 2 percent for various purposes, including infrastructure, public hospitals, emergency services, transportation, indigent care and others.