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Hall, cities to file certificate to maintain tax distribution
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The nearly two-year fight between Hall County and its cities over local option sales tax distribution may have ended Tuesday night, but there’s no guarantee LOST revenues will continue to flow. The local governments renegotiate how they share LOST collections every 10 years, following the completion of the U.S. census, to pay for day-to-day operations similar to how property tax revenue is used. LOST is a 1 percent sales tax, approved by voters, that provides funds for government operations and reduces residents’ property tax obligations.