Clearwater Voters Approve Referendums
Clearwater voters gave their OK to changes to the city employee pension plan and to exempting some businesses from paying ad valorem taxes at the polls Tuesday.
Clearwater voters gave their OK to changes to the city employee pension plan and to exempting some businesses from paying ad valorem taxes at the polls Tuesday. Mayor George N. Cretekos called the passing of both referendums “fantastic.” Modifications to the city’s pension plan could save the city $4.5 million the first year and more than $400 million over 30 years through pension benefit level reductions. “It is going to have a significant impact on our budget, on our services and on our tax rate,” Cretekos said Tuesday night. Clearwater voters gave overwhelming support to the referendum to allow the business tax exemptions, approving it with 56 percent of the vote. Voting “yes” to create Economic Development Ad Valorem Tax Exemptions …
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