While a majority of Okaloosa County voters approved the county’s half-cent sales tax referendum in November, officials from most branches of local government that receive the tax revenue still have not prioritized their potential sales tax-funded projects.
It will take some time, of course, for the tax revenue to accumulate enough to be directly allocated toward some projects. The 10-year, half-cent tax took effect Jan. 1.
Combined with the state’s 6-cents-on-the-dollar sales tax, the half-penny tax increases the county’s overall sales tax to 6.5 percent, or 65 cents per $10 purchase. It applies to all transactions subject to the state tax imposed on sales, use, services, rentals, admissions and other authorized transactions.
The half-cent sales tax is estimated to generate a little more than $19 million in annual revenue for public safety, transportation and stormwater system capital improvements. More than half of the total revenue will go to the county and the remainder will be divided among its nine municipalities, based on population.
View the photo gallery on this article for a look at the top sales-tax projects to date and the amount of projected annual sales-tax revenue for the county and its municipalities.