JAMES MADISON QUOTE - 1822

"A popular government without popular information, or the means of acquiring it, is but a Prologue to a Farce or a Tragedy; or, perhaps both. Knowledge will forever govern ignorance; and a people who mean to be their own governors must arm themselves with the power knowledge gives."

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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)

AGENDA
(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.
https://en.wikipedia.org/wiki/Special-purpose_local-option_sales_tax

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.

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