The Penny for Pinellas is a 1 percent sales tax which is dedicated to capital improvement projects in Pinellas County, such as facilities, stormwater improvements, preservation land purchases, roads, bridges, public safety, parks and community centers. The Penny funds enable the community to continue enhancing the quality of life in the county.
The Penny makes capital projects and improvements possible without having to raise property taxes. Without this funding, it is estimated that property owners would have to pay another 2 mills on their property taxes. With a sales tax, approximately one-third of the total Penny funds are paid for by tourists and seasonal residents.
Penny Fun Facts:
- The Penny for Pinellas is a 1-cent sales tax in effect since 1990.
- Benefits our economy and adds value to our county by funding roads, bridges, parks, drainage and other capital improvement projects.
- Funds new capital projects without relying on property taxes. Paid by all who spend money in the county, including tourists who contribute more than a third of its revenue
- Shared between the county and cities
- Can only be used for capital improvement projects
- Is only collected on the first $5,000 of purchases
- Is not collected on groceries and medications