Council president looks for new revenue sources
JACKSONVILLE, Fla. – Jacksonville City Council President Bill Bishop said he has a unique idea to bring more money into the city.
Bishop said he wants to look at money raised by Jacksonville authorities, such as the airport, transportation authority and the port.
The council president said he wants to appoint a special committee to see if money sitting in reserve by these boards could be spent on city projects such as roads or other improvements.
"The fact that independent authorities have large cash balances, wouldn't it be nice if some of that money would be put to use for the city?" Bishop said. "Well, that sounds good on the surface, but it's not that simple. At the end of the day you can just raid the cookie jar."
Bishop said there are lots of questions that need to be answered. He said he wants to find out if the other agencies could do something similar to the Jacksonville Transportation Authority, which gives the city millions of dollars a year in profits.
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