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SPLOST VII revenue projection coming May 19

POSTED: May 8, 2014 11:35 p.m.

Revenue projections for a new five-year round of special purpose local option sales taxes, or SPLOST VII, will be unveiled when local government officials meet May 19. 

Hall County is pressing forward with a ballot referendum this fall asking voters to approve the capital funding program, a 1 percent sales tax to pay for government infrastructure and development expenses, such as road improvements and public works projects. 

Georgia Tech economist Dr. Alfie Meek has been hired by the county to help formulate revenue projections. 

Officials also will begin building a project list at the meeting, identifying capital needs and priorities. 

The Hall County Board of Commissioners on Thursday ratified letters sent to all cities participating in SPLOST — including Braselton, Buford, Clermont, Flowery Branch, Gainesville, Gillsville, Lula and Oakwood — that reference a state law requiring the participating governments to discuss projects that will be funded through the tax revenues.

According to the letters, “During the meeting, the county will provide information concerning current financial projections of the potential SPLOST program options and both the county and the municipalities will have the opportunity to voice any thoughts regarding projects for inclusion in the upcoming SPLOST referendum.” 

SPLOST VI was approved by voters in 2009 and is set to expire next year. Initial projections placed revenue for the county and participating cities at about $240 million over the six-year life of the tax. But those estimates have now fallen to $152 million. 

If approved by voters, SPLOST VII will take effect July 1, 2015.

Two public input meetings will be held in June, which county officials have said are meant to encourage community participation in identifying projects to be funded.


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