Penny For Pinellas IV
Listening Session
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AGENDA
I. History of Penny for Pinellas
II. Penny III (2010-2019) Funding & Projects
III.Penny IV (2020-2029) Funding
IV.Penny IV Proposed Projects & Recommendations
V. Public Input
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What is Penny for Pinellas?
• Original Penny for Pinellas approved by voter
referendum in 1989 and has been renewed
twice since first approved
o Penny I: 1990 - 2000
o Penny II: 2000 - 2010
o Penny III: 2010 - 2019
• It authorized a 1 cent sales tax for a 10-year
period from 1990 through 1999.
• This local sales tax revenue is restricted for
infrastructure improvements.
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How much does the City receive?
• Dunedin’s FY 2017 estimated revenue from
the Penny for Pinellas is $3.6M.
• To generate that revenue in FY 2017, the
millage rate equivalent is 1.7426 mills.
• With nearly 30 years of data, a study
estimated one-third (1/3) of Penny for Pinellas
revenues are contributed by tourists and
seasonal visitors.
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Penny III Revenue Projection
Penny III by Year Dunedin Collections
6,000,000
5,000,000
4,000,000
3,000,000
Original Projection
2,000,000
1,000,000
2008
2010
2012
2014
2016
2018
2020
2022
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Penny III Revenue Comparison
Penny III by Year Dunedin Collections
6,000,000
5,000,000
4,000,000
Original Projection
3,000,000
Actual
2,000,000
1,000,000
2008
2010
2012
2014
2016
2018
2020
2022
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Penny III Revenue Comparison
Penny III in Total Dunedin Collections
50,000,000
45,000,000
40,000,000
35,000,000
30,000,000
25,000,000
Original Projection
Actual
20,000,000
15,000,000
10,000,000
5,000,000
-
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Penny III Revenue Projection
• Initial revenue projections for 2010-2019 for
Dunedin were: $46M+
• Due to the economic downturn, we estimate
the actual revenue will be: $33M+
• This represents a 28% revenue shortfall, which
is why we will be cautious in committing
future dollars to ensure we can complete the
projects we identify.
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Penny III: Highlights
• Facilities
Community Center
Fire Station #61
Blue Jays Spring Training Facilities (planned)
• Infrastructure
Pinehurst Road Reconstruction
Citywide Resurfacing & Streetscape Projects
Michigan Blvd Reconstruction
Dunedin Isles Drainage Improvements
• Recreation & Culture
Park Improvements Amenities
MLK Center
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Penny III: Highlights
Community Center
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Penny III: Highlights
Fire Station #61
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Penny III: Highlights
Pinehurst Road Reconstruction
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Penny III: Highlights
Dunedin Isles Drainage Improvements
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Penny III: Highlights
MLK Center
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Penny IV: 2020 - 2029
• The referendum for the 2020-2029 renewal of
the Penny for Pinellas will take place November
7, 2017.
• Collaboration between local municipalities,
including Dunedin, and Pinellas County began in
Fall 2016 to establish timelines,
communications strategies and establish
revenue estimates.
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Penny for Pinellas Accomplishments Map
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What is Penny for Pinellas?
http://www.pinellascounty.org/penny/
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Penny IV: Revenue Projection
• Preliminary Penny IV revenues countywide are
$1.992B from 2020-2029.
• Pinellas County will be taking $225M off the
top, for county projects of regional importance.
• Remaining funds will be allocated to cities
based on October 2016 population estimates.
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Penny IV: Revenue Projection
• Dunedin is estimating approximately $40M
from Penny IV.
Total Penny #4 Revenue Expected
Less: 15% for financing costs/misc
Net Proceeds Available for Projects
40,000,000
(6,000,000)
34,000,000
• Staff recommends committing 85% of this
revenue to projects and allowing 15% for
financing costs, immediate needs that arise
over the next decade, and to absorb any
revenue shortfalls.
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Penny IV: Project Prioritization
This meeting is the BEGINNING of a conversation
about how to best use this valuable funding
resource.
• Not constrained by list staff has developed.
• Not enough revenue for everything we
currently have on list.
• City Commission and Staff are seeking public
input on how to best use Penny funding.
Recommended projects are preliminary.
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Penny IV: Recommended Projects
Government Center
EOC / Fire Training Ctr.
Fleet Services Bldg. Replacement
Bicycle Pedestrian Master Plan
Pavement Preservation Program
Skinner Corridor Improvements
Playground Equipmt. Replacement
Softball Complex Replacement
Aquatics Center
Jones Building Replacemt.
TOTAL
8,950,000
1,940,000
3,500,000
750,000
5,600,000
1,000,000
1,400,000
2,500,000
7,000,000
1,750,000
34,390,000
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Penny IV: Recommended Projects
By Type
10,900,000
32%
16,140,000
47%
Facilities
Infrastructure
Recreation/Culture
7,350,000
21%
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Penny IV: Unfunded Projects
Downtown Parking Garage ($5.5M total)
Stirling Skate Park at MLK
Brick Streets
Library Replacement
Fire Training Tower & Burn Bldg.
Park Pavillion Replacements
Highlander Pk. Master Plan
Milwaukee Ave. Construction (N. of Skinner)
Weaver & Parks Seawall Repl.
Wave Attenuation Day Docks
TOTAL
3,000,000
200,000
5,000,000
10,000,000
400,000
200,000
9,000,000
720,000
1,500,000
1,500,000
31,520,000
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Penny IV: Funding Challenges
AVAILABLE FUNDING (2020 - 2029)
34,000,000
Recommended Projects
34,400,000
Unfunded Projects
TOTAL
31,500,000
65,900,000
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Penny IV: Next Steps
March 14, 2017:
City Commission Penny
Prioritization Workshop
April 2017:
Submittal of Dunedin’s
“Signature Projects” to
Pinellas County
Summer 2017:
Interlocal Agreement
between Dunedin, Pinellas
County, and other
partners is developed.
November 7, 2017:
Voter Referendum on fourth
Penny for Pinellas
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Penny IV: Public Feedback
• Other projects of public interest not listed?
• Thoughts or feedback on Staff’s
prioritization?
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Penny IV: Projects for Consideration
Government Center
EOC / Fire Training Ctr.
Fleet Services Bldg. Replacement
Bicycle Pedestrian Master Plan
Pavement Preservation Program
Skinner Corridor Improvements
Playground Equipment Replacement
Softball Complex Replacement
Aquatics Center
Jones Building Replacement
Downtown Parking Garage ($5.5M total)
Stirling Skate Park at MLK
Brick Streets
Library Replacement
Fire Training Tower & Burn Bldg.
Park Pavillion Replacements
Highlander Pk. Master Plan
Milwaukee Ave. Construction (N. of Skinner)
Weaver & Parks Seawall Repl.
Wave Attenuation Day Docks
8,950,000
1,940,000
3,500,000
750,000
5,600,000
1,000,000
1,400,000
2,500,000
7,000,000
1,750,000
3,000,000
200,000
5,000,000
10,000,000
400,000
200,000
9,000,000
720,000
1,500,000
1,500,000
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