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Home»POLITICS»City Council deciding how to spend $94M in Better Jax Plan surplus
POLITICS

City Council deciding how to spend $94M in Better Jax Plan surplus

Aaron PaulBy Aaron PaulJanuary 26, 2023Updated:January 26, 2023No Comments1 Min Read
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jacksonville, florida – It has been 23 years since Jacksonville voters agreed to raise the sales tax by half a cent to improve the city on major streets and public projects.

It’s called the “Better Jacksonville Plan,” and it’s how the city paid for courts, playgrounds, ballparks, and downtown libraries.

The city still collects its taxes even though many projects have been paid off.

Over $94 million in extra money from taxes could go somewhere, and the city council is trying to identify where it is.

When the Better Jacksonville Taxes expire, the tax will continue to pay off the pension debt.

But now the city council may consider using this extra money to begin the process of paying off the city’s debt and paying the pension deficit so the city can get a better credit rating. not.

They will consider legislation to do just that in the near future.

Copyright 2023 by WJXT News4JAX – All rights reserved.



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