Wednesday, February 24, 2016
More Budget Woes - Jackson County Commission Budget Hearings - 1% Sales Tax Referendum - "SPLOST"
South Side of the Jackson County Courthouse, Scottsboro, Alabama (photo by G. Morgan)
(click on image for an expanded view)
What is splost? A special-purpose local-option sales tax (SPLOST) is a financing method for funding capital outlay projects in the U.S. state of Georgia. It is an optional 1% sales tax levied by any county for the purpose of funding the building of parks, schools, roads, and other public facilities. The Jackson County Commission is considering a version of this tax to fund county operations.
The Jackson County Commission in today's budget hearings and continuation of Monday's Regular Commission Meeting discussed their budget problems. When the current budget was approved there was $2.4 million dollars in the county reserve fund. Today, due to needs to fund the county's operations, $1.7 million dollars remain, $700,000 has been spent out of the county's reserve/emergency funds.
A motion was made and approved to sign a resolution regarding the "Splost" 1% sales tax referendum. This tax is a limited tax for 6 years with funds "earmarked" for specific projects. The Jackson County Legislative Delegation will present the request for a local act before the current legislative session. The new tax will be voted on in the November General election if the bill passes the state legislature.