17) OMB - Loan for Fairways at Tiger Point MSUB (Municipal Services Benefit Unit) and Budget

Commission Committee Meeting · 2026-05-21 · agenda_item

Santa Rosa County is reviewing a proposal to renew a one-half cent sales tax for school capital outlay projects. This tax, if approved by voters in the November 3, 2026 general election, would fund construction of new schools, renovations, land acquisition, and technology upgrades for a ten-year period starting January 1, 2029. The renewal is projected to generate at least $160 million for these projects. This initiative could lead to significant construction and renovation work across the county. Contractors, suppliers, and service providers should monitor this process closely, as early engagement before final plans and permits are set could offer a competitive advantage for future work related to school infrastructure development.

loan amount

180000 $

loan term

10 years

loan APR

4 %

budget amendment

2026-048

Marcus Point Acres lots

3 Lots

Waterside at East Bay Phase 1 lots

47 Lots

Makaira Ridge lots

273 Lots

Jubilee Phase 101A lots

83 Lots

Soundview Point Villas lots

150 Lots

School Board Resolution

2026-001

election date

November 3, 2026

projected generation

160 million

surtax rate

one-half cent

surtax rate percentage

0.5 percent

surtax effective period start

January 1, 2029

surtax effective period end

December 31, 2038

surtax on sales over

5000 $

projected annual generation

16 million