SPECIAL DISTRICT FOR GREEN ~ GREEN TALLAHASSEE

4.26.2009

SPECIAL DISTRICT FOR GREEN

9:05:00 AM GT No comments

Florida has a provision that can create a special taxing district that is not a city or a county. These districts can borrow money, issue tax-free bonds, award contracts and levy special assessments. Areas such as water management districts or redevelopment districts are the most common. The most infamous is, perhaps, Reedy Creek Improvement District, the land upon which the Disney conglomerate sits.

Currently, the Florida House unanimously passed approval to create the Lakewood Ranch Stewardship District, a special taxing district that would create revenues to finance green technology and infrastructure on 23,000 acres in Sarasota and Manatee counties. The actual Lakewood Ranch District was created in 2006 and indication

Indications are that the bill will also pass the Senate.

Posted in: Lakewood Ranch,Reedy Creek,special districts

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