About $570M might be used for Hillsborough County highway tasks, settle litigation and cut back the gross sales tax for a short while.

Greater than half a billion {dollars} from a defunct surtax could possibly be used to pay for highway tasks in Hillsborough County, cut back gross sales taxes for a short while and pay for settlement prices for plaintiffs who filed swimsuit in opposition to the surtax.

Below a budget proposal provided by the Home on Monday, of the $570 million in revenues and curiosity accrued through the two years the tax was in impact, 45% can be utilized by the Florida Division of Transportation on Hillsborough County highway tasks, 30% would go to assist settle circumstances introduced by plaintiffs who paid the tax whereas it was in impact, and 25% can be used to chop the gross sales tax within the county for a brief time period.

Hillsborough County voters authorized a 1% gross sales surtax in 2018, with the revenues for use for transportation, which took impact in 2019. However the tax was challenged and in 2021 the Florida Supreme Courtroom dominated it was unconstitutional as a result of the constitution modification referendum restricted how the county fee might spend the funds, contradicting state legislation.

Voters spurned the same referendum in 2022, as inflation skyrocketed and pushed costs larger.

The $570 million ended up with the Division of Income, which has held the funds since 2021. In 2022 a decrease courtroom Choose dominated the cash needed to be spent on Hillsborough County transportation tasks, however lawmakers haven’t reached an settlement on the way to spend the cash.

The provide from the Home is a part of HB 5003, the implementing invoice for the state price range, which guides how the cash may be spent for the fiscal 12 months that begins July 1.

It’s a part of the ultimate negotiations between the Home and Senate over the price range, which should be accomplished by Tuesday for lawmakers to satisfy the 72-hour “cooling off” interval required by the structure earlier than they will vote on the price range and finish the Common Session on its scheduled Friday finish date.

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