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Bay County Commissioners Oppose House and Senate Bills
Bay County Commissioners Oppose House and Senate Bills

Yahoo

time02-04-2025

  • Business
  • Yahoo

Bay County Commissioners Oppose House and Senate Bills

BAY COUNTY, Fla. (WMBB) – Community Redevelopment agencies allow cities to identify blighted sections of town, withhold the property taxes from those properties, then use the money to revitalize the area. The hope is to attract businesses. Improve infrastructure, create jobs and affordable housing, all while boosting the local economy. But the state legislature is considering a bill that would limit community redevelopment agencies from performing certain actions or terminate them all together. During Tuesday's Bay County commission meeting, board members approved of a resolution opposing the House and Senate companion bills. Man in Panama City Beach faces 30 charges in trafficking case 'We want to see that CRA and the other CRA's in Bay County are being successful. We want to see them to be completed in accordance with the plans that are published. And we think there are some things in this legislation that would inhibit that and prevent that from happening,' County Manager Bob Majka said. Oddly enough, Bay County had been at odds with Panama City Beach over the beach's CRA.A few years ago, beach officials renewed the taxing district until 2049, costing the county millions of dollars in property tax revenue. Last summer the two sides worked out a compromise, capping CRA revenues at $30 million a year. It could save Bay County $2.7 billion in the next 25 years. Gulf World has filed for bankruptcy 'Nobody expected the growth in the property taxes like what we've experienced. And so it is the current seat holders, those on the city commission out there, the Mayor, the City Manager, as well as those of us are sitting at the county commission to work together to try to make sure that we put the proper guardrails in place that allows both the Panama City Beach City government to be able to operate,' Commissioner Doug Moore said. The House Bill is currently in commerce committee, and the Senate Bill is on the committee agenda. Copyright 2025 Nexstar Media, Inc. All rights reserved. This material may not be published, broadcast, rewritten, or redistributed.

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