The Infrastructure Surtax Oversight Committee consists of five members who are City residents. After the expiration of the initial terms, the Committee members shall serve terms of two years.
In November 2016, voters approved a half-cent sales surtax, the proceeds of which are to be used for the financing, planning and construction of infrastructure (defined as fixed capital expenditures or outlays associated with the construction, reconstruction or improvement of public facilities and the purchase of vehicles and equipment with a life expectancy of more than five years.
The Infrastructure Surtax Oversight Committee provides for citizen review of the expenditure of surtax proceeds, and acts solely in an oversight and advisory capacity to the Panama City Commission. The Committee is responsible for reporting to the Commission regarding:
Whether the City's expenditure of the surtax proceeds for the fiscal year was consistent with the requirements of Section 212.055(2), Florida Statutes, and
Whether the City's expenditure of the surtax proceeds for the fiscal year was consistent with the City's approved surtax proceeds project list, if any, or any revisions or modifications to the surtax project list as approved and adopted by the Panama City Commission.
The Infrastructure Surtax Oversight Committee shall meet quarterly during the life of the Committee or at a greater frequency as determined by the Committee in order to fulfill its duties and responsibilities. Meetings will be held in the City Commission Chambers, located on the Second Floor of City Hall, 9 Harrison Avenue.