Commissioner Bovo proposes using Tourist Development Tax revenues to fund infrastructure projects
During yesterday’s Board of County Commission meeting, Commissioner Esteban Bovo, Jr. sponsored a resolution urging the Florida Legislature to enact legislation that would expand the authorized use of Tourist Development Tax revenues to include the funding of infrastructure projects.
Collections of Tourist Development Tax Revenues are currently used to fund, among other things, the Greater Miami Convention and Visitors Bureau, to promote County tourism by sponsoring tourist-oriented culture, cultural and special events, to promote tourism, to fund tourist related facilities, and to fund tourist-oriented events located within Miami-Dade County, and as a secondary pledge to pay debt service on bonds issued to finance professional sports franchises.
“This resolution allows these taxes to be put to fund not only tourism but infrastructure projects as well, such as roads, bridges, etc. that tourists use when visiting Miami-Dade County,” said Commissioner Bovo. “The development of these projects, would, in return, promote tourism and spur economic development within the county. This will also help expand the restrictions of tourist development to enhance public services the County currently provides to residents.”
The resolution was unanimously adopted with a 9-0 vote. For more information please contact Commissioner Bovo’s office at (305) 820-8444.