-->
Search the ArchivesNavigationContact InformationThe Citizen Newspapers For Advertising Information Email us your news! For technical difficulties |
County, cities to discuss new SPLOST projects MondayThu, 07/09/2009 - 4:27pm
By: John Munford
Monday night discussion to center on potential projects for additional sales tax County and city officials will be meeting Monday night at 7 p.m. in Fayetteville to consider potential projects for another special purpose local option sales tax. Fayette currently has two SPLOSTs ongoing: one for education projects and another for transportation projects. The latter is due to expire at the beginning of April and has raised just over $85 million for transportation projects in the unincorporated county and cities in Fayette. Monday's meeting will be held at the county commission meeting chambers in downtown Fayetteville off Ga. Highway 85. The room is adjacent to the fountain at the complex. The sagging economy led to $500,000 less revenues in 2008 than 2007 and monthly SPLOST revenues this year have been down on the whole as well with few exceptions. Whether or not a SPLOST proposal ultimately makes the ballot is completely up to the Fayette County Commission. A decision is likely needed soon to make sure it can be included on the ballot for the November elections. Peachtree City council members have indicated their strong support for a SPLOST to continue funding transportation projects. The city has used SPLOST funds to resurface streets and golf cart paths, and without the SPLOST revenue the city will need to make up the equivalent of $1.1 million in its 2010-2011 budget, city officials have warned. Peachtree City council members have also discussed perhaps using SPLOST revenues to retire some of the city’s debt, a newly-allowed opportunity thanks to a change in state laws governing SPLOST. SPLOSTs are allowed for no longer than five consecutive years and must be approved by voters in a referendum. Under the current distribution formula, assuming SPLOST meets its total five-year collection of $115 million, Peachtree City receives $12.02 million, Fayetteville receives $4.24 million and Tyrone receives $1.49 million. The lion’s share of the revenues, $81.1 million, are earmarked for county-wide transportation projects, with the largest being the West Fayetteville Bypass. So far, Peachtree City has received $8.41 million of the collected SPLOST revenues over the past four-plus years. Tyrone has received $1.03 million of its’ SPLOST share. The county has received $53.34 million but has only spent $7.45 million. login to post comments |