Temple Terrace approves tax exemption for new businesses
TEMPLE TERRACE - In the only municipal election in Hillsborough County on Tuesday, voters handily approved an economic referendum aimed to lure new business to the city. Temple Terrace voters overwhelmingly supported the new tax exemption for new or expanding businesses by a 40 percent margin. Unlike elsewhere in the county, all Temple Terrace voters – regardless of party affiliation – could go to the polls Tuesday to cast ballots on the city's proposed economic development tax incentive program. The referendum asked voters to give the Temple Terrace City Council authority to allow tax breaks to attract business.Seventy percent of the voters approved the measure. Under the Temple Terrace program, qualifying companies, mainly those that choose to locate or expand in the city, will get a 50 percent to 75 percent reduction in their property taxes. Temple Terrace Mayor Joe Affronti was elated about the results. "That's fantastic," Affronti said. "I'm proud of our citizens. "It puts us in a competitive posture with Hillsborough County, Plant City and Tampa." Prior to the vote, Temple Terrace officials had urged voters to support the initiative. City Manager Kim Leinbach considered the measure an important step to ensure Temple Terrace, a city with 9,667 registered voters adjacent to Tampa, would not be overlooked when businesses consider moving to the area.
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