Friday, July 24, 2015

St Johns County Growth & Financial Challanges

By SHELDON GARDNER & STEVE PATTERSON of The St Augustine Record 


St. Johns County commissioners voted 4-1 Tuesday to put a ½-cent sales tax increase for schools on a referendum on Nov. 3.
The resolution will direct the St. Johns County supervisor of elections to place the referendum question on the November ballot, with early voting scheduled in October. Commissioner Jeb Smith voted against the measure.
Voters will decide on a 10-year, ½-cent sales tax increase for capital needs, which could only be used for new schools and technology and security upgrades.  Among other pressures, the school board did not get $3 million from the state of Florida for being a high-growth district.
Commissioner Bill McClure asked School Board Chair Bev Slough whether the board would be open to delaying a vote until 2016 if the county loaned $3 million from its reserves to handle immediate needs.  Read more online at http://staugustine.com/news/local-news/2015-07-21/st-johns-county-school-sales-tax-hike-headed-vote#.Va_AvZTbKY2.


The proposed tax increase for the needs of the anticipated county public school growth needs will not be supported by this alone. School Concurrency for SFR development has been noted by developers as a factor of increased percentage from their respective projects in the planning and zoning process.  Delays and push backs by the county for new SFR increases the developers costs and is pushing the developers to classify St Johns County future projects as IDLE. Increased search for sites in Clay, Duval and Nassau Counties as well as other areas of the state has dramatically increased by developers recently. 


The following population demographics offers an insight to St Johns County challenges:
  • 70,000+ SFR new available lots available or in the pipeline
  • 190,039 St Johns Co Population from2010 US Census Bureau
  • 218,000 Population estimated for 2014
The Land Group Specialists of Coldwell Banker Commercial Benchmark are available to consult with your needs in land.  Eddie Segars esegars@cbcworldwide.com 904.421.8559




http://bit.ly/1J9LXz2 - Land Listings


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