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Capital and Economic Development Projects

Crackerneck Creek Transportation Development District

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Capital and Economic Development Projects

Overview

  • Established by Final Order and Judgment Certifying Creation of the Crackerneck Creek Transportation Development District on July 26, 2006; City entered into a Cooperative Agreement on April 21, 2008 with the
    Crackerneck Creek Transportation Development District and Crackerneck Creek, LLC and entered into a First Amendment to the Cooperative Agreement on March 1, 2010

Revenue Sources

  • Sales Tax: 1% sales tax is imposed on businesses within the boundaries; 50% of the revenues not captured as EATs by the Crackerneck Creek TIF are dedicated to the repayment of the portion of the Crackerneck Creek debt relatedto transportation improvements; tax terminates in 2036.