The County: Dade County Florida
The revenue deficit: In 2002, the County promised that an 8% increase in sales tax rate would build 90 miles of rail. They’ve built 3 miles.
Are property taxes going to go up? No, the property taxes near the proposed rail lines will be captured by special districts.
Are P3s involved? Yes. The transportation special districts will work with private interests to pursue private financing & operation of new transit projects within the special districts
Governing | County Considers Raising Property Taxes to Expand Rail