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PTC talks new SPLOSTTue, 03/10/2009 - 5:00pm
By: John Munford
Council may seek vote extending road tax on this November’s ballot Peachtree City officials are hoping to convince their counterparts in Fayette County to allow voters to consider an additional special purpose local option sales tax in November. The current transportation SPLOST expires in March 2010, but without it the city faces finding other ways to fund transportation projects in an economic climate that has revenues on the decline. Another plus for adopting a new SPLOST is that now state law allows the city to get a larger percentage of revenues should the cities be unable to successfully negotiate a funding formula with the county. The law states when an impasse is reached that the funding formula should be based on population figures, which could net the city $7 million a year instead of the current $2 million it is receiving. Since the current SPLOST was approved in 2004, the city has repaved more than 27 miles of city streets with full or partial SPLOST funding. The SPLOST has also helped fund 24 miles of reconstructed and widened cart paths, for a total of 28 percent of the 87-mile long system. Under the new SPLOST law, governments can spend SPLOST money on maintenance projects instead of just capital improvements, officials said. It also allows funds to be spent on capital equipment such as fire trucks, ambulances, police cars and other heavy equipment, said City Finance Director Paul Salvatore. City Attorney Ted Meeker added that SPLOST funds can also be used to pay off existing general obligation bond debt. Potential city projects for a new SPLOST include: • A cart path bridge over Ga. Highway 54 East between the Publix-anchored shopping center and Lexington Circle developments; • A cart path bridge over Ga. Highway 74 North, perhaps near the World Airways office building; • Development of an annual inspection and maintenance program for cart path bridges and tunnels; • Intersection improvements at Crosstown Road and Peachtree Parkway; Hwy. 54 and Robinson Road; TDK Boulevard and Dividend Drive; Hwy. 54 and Commerce Drive; Hwy. 74 and South Kedron Drive and Georgian Park and Peachtree Parkway. Meanwhile the city is trying to figure out how to prioritize its remaining transportation SPLOST funding in light of the sales tax shortfall. The two cart path bridges are included in the current SPLOST but the funding could be delayed, freeing up $670,000 to replace the cart path bridge over Lake Peachtree with a wider structure. City Manager Bernie McMullen said he wants to place a priority on street and cart path resurfacing with remaining SPLOST funds, meaning that the TDK/Dividend Drive project and the extension of the Park Place access road could be delayed to free up about $305,000 for street resurfacing. Council also discussed the possibility of raising the hotel-motel tax from 6 to 8 percent, an action that would take approval of the state legislature. It was also noted that the city would need to meet with hotel and motel operators to get their input on the projects funded by the additional money. The additional funding would have to be used for capital projects for tourism development, officials said. It is too late in this legislative session for such a bill to be introduced on behalf of the city, officials said. login to post comments |