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Hillsborough commissioners approve 7.5M millage swap, keep $2M for HOPE housing and OK several community projects
Summary
The Board approved a 2.5/7.5 millage swap that moves $7.5 million from countywide to unincorporated funds while preserving $2 million for HOPE affordable housing; it then approved specific project allocations including a turn lane, STEP job training, High 5 programming and a children’s pantry.
HILLSBOROUGH COUNTY — The Hillsborough County Board of County Commissioners voted to convert a portion of a $10 million HOPE allocation into unincorporated revenue and approved several proposed community projects on July 30.
In a 5–2 vote, commissioners approved a plan to leave $2,000,000 in the countywide HOPE affordable-housing allocation and swap $7,500,000 into unincorporated funds to be used for targeted priorities, including public safety, transportation and community projects. Commissioner Bowles moved the swap and Commissioner Cohen seconded it; Commissioners Miller and Wolstel voted no.
Why it matters: The swap changes which parcels are ultimately taxed to produce the revenue. Budget staff said the proposed swap would reduce countywide revenue by about $7.5 million and increase unincorporated revenue by about $4.47 million, producing an estimated 0.0418 millage reduction countywide for most municipal…
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