Martin County manages projects through a capital improvement plan or CIP. This multi-year plan identifies needs and funding sources for public infrastructure maintenance and improvements. Tax reform imposed by the state and the 2018 recession required the temporary suspension of many projects that would have been funded with ad valorem property taxes.
As a result, the Martin County Board of County Commissioners explored alternative methods of funding, however, the proposed one-cent sales tax and fire assessment fee were not approved, resulting in these projects needing to be considered for long-term financing. The county has approved these priority projects and borrowed money with a multi-year obligation for payment to complete them. The funding stream for repayment comes from recurring non-ad valorem revenues -ambulance transport fees and state shared revenues.
PROJECT STATUS KEY:
Planning – Approved by board, pre-project work
Design – Design and permitting
Construction – Notice to proceed has been issued to contractor
Complete– Project is substantially complete