CR Documents 03/12/2024INFRASTRUCTURE
SALES TAX
RECONCILIATION
•On November 6, 2018, Collier County Voters approved a
referendum to enact a Local Government Infrastructure Sales
Surtax (Surtax).
•The County has been collecting the Surtax since January 1,
2019.
•Pursuant to Board action the Surtax expired on December 31,
2023, two years earlier than initially anticipated.
•The levy of a one-cent sales tax was originally estimated to
generate approximately $490 million, with approximately $420
million anticipated to be received by the County.
•The automatic sunset condition was met in July 2023 when the
total collected revenue reached $490 Million.
1
INFRASTRUCTURE
SALES TAX
RECONCILIATION
COLLECTIONS TO DATE
INFRASTRUCTURE SALES $519,404,753
INTEREST $13,999,932
ANTICIPATED INTEREST $3,145,165
TOTAL $536,549,850
2
PROJECTS TO DATE
VALIDATED PROJECTS $439,783,065
SURPLUS
SURPLUS BALANCE $96,766,785
ADDITIONAL FUNDING
NEEDS
($76,000,000)
SURPLUS TOTAL AVAILABLE $20,766,784
ESTIMATED FUNDING REQUIREMENT
MAJOR INFRASTRUCTURE SALES TAX PROJECTS
SURTAX PROJECT
ORIGINAL
PROGRAM
ALLOWANCE
ANTICIPATED ADDN’L
FUNDING
REQUIREMENT
CCSO Forensic/Evidence Bldg.$33,000,000 $41,000,000
State Veterans Nursing Home $40,000,000 $5,000,000*
Collier County Behavioral Health Center $25,000,000 $30,000,000
TOTAL $76,000,000
3
*Estimated Land Cost
INFRASTRUCTURE
SALES TAX
RECONCILIATION
COLLECTIONS TO DATE
INFRASTRUCTURE SALES $519,404,753
INTEREST $13,999,932
ANTICIPATED INTEREST $3,145,165
TOTAL $536,549,850
4
PROJECTS TO DATE
TRANSPORTATION $190,925,209
FACILITIES & CAPITAL
REPLACEMENT
$127,892,826
HURRICANE RESILENCY $7,052,979
EMS SUBSTATIONS $11,046,333
COMMUNITY PRIORITIES $76,715,000
BALANCE TO BE
VALIDATED
$26,150,718
TOTAL $439,783,065
SURPLUS $96,766,785