Is this a new tax?
No, this is not a new tax. This is a continuation of the existing penny that was first approved on March 10, 1992. It must be periodically reapproved by voters. The current cycle ends in 2017. In November 2014, voters will be asked to consider the continuation of this funding source for an additional ten years (through 2027) to help fund roads, increased police and fire protection, libraries, parks, and environmental protection initiatives.