SPLOST question: What sales tax 7 projects will be funded first?

Monday, April 28, 2014 5:56 PM
Last updated 8:05 PM
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Augusta voters are set to vote on the consolidated government’s special purpose local option sales tax 7 by a referendum that appears on the May 20 ballot. The Augusta Chronicle addresses the 1 percent sales tax collection in a continuing series until election day.

Q: Which sales tax 7 projects will be paid for first?

A: Because the tax is collected by the penny, larger projects typically must wait months or years for collections, generally about $3 million a month, to reach sufficient amounts to complete them. Collections won’t start until mid-2016 after the current sales tax expires, according to Deputy Finance Director Tim Schroer.

Certain sales tax 7 items will be paid first, however. According to an intergovermental sales tax agreement among Augusta, Hephzibah and Blythe, the government must set aside semiannual interest and principal payments on a $21.7 million general obligation bond that’s part of the May 20 sales tax referendum to finance certain projects upfront.

If approved, the bond proceeds will repay, ahead of the tax collections, an $8 million loan taken out by the city as matching funds sought by Georgia Regents University to proceed with expanding its cancer center, according to a previous Augusta Commission agreement. The remainder of the bond proceeds are intended for a $4.45 million multi-use recreation center in Hephzibah; $4 million in tax assessment and billing software upgrades; and $5.25 million for the Augusta Regional Collaborative’s Mills Campus proposal, which the commission agreed to in March.

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triscuit
3099
Points
triscuit 04/28/14 - 11:44 pm
7
0
Mills Campus ahead of

Mills Campus ahead of infrastructure? No way.

Butterman
3680
Points
Butterman 04/28/14 - 11:50 pm
6
1
Yes Way
Unpublished

I suspect this was the real reason why this SPLOST package was rushed onto the May 20th ballot instead of holding off until November after a new mayor and new commissioners are elected. And Hardie Davis supports this SPLOST. He is campaigning for it. Say NO to SPLOST and NO to Hardie on May 20th.

GnipGnop
12321
Points
GnipGnop 04/29/14 - 12:54 am
7
0
Just remember

Who is for this? Follow the money. This isn't a one man show....

Riverman1
84926
Points
Riverman1 04/29/14 - 05:05 am
7
0
Exactly what is Matt K's

Exactly what is Matt K's salary?

story1
802
Points
story1 04/29/14 - 08:12 am
6
0
Stop the chaos

Vote No, let the new leaders spend 12 months assembling a new Splost that is infrastructure focused and reintroduce to the voters. No more rush jobs like the current VII that has an abundance of suspicion behind it.

Navy Gary
1615
Points
Navy Gary 04/29/14 - 10:22 am
5
0
Big Fat NO!

Big Fat NO!

lovingthesouth72
1368
Points
lovingthesouth72 04/29/14 - 08:57 pm
0
0
listen -

Mayoral candidate Hardie Davis explains why he is supporting the SPLOST (around min 38). Worth listening to. http://www.youtube.com/embed/MKjLLbYungk

badmoon426
1182
Points
badmoon426 04/30/14 - 04:26 pm
0
0
So Now We Know...

...the Augusta Regional Collaborative Organization is another goverent funded agency working strictly for private interests (usual list of subjects).

If the SPLOST is passed, we will be waiting Mayor Copenhaver and Matt Kwatinetz to drown you in official records requests.

badmoon426
1182
Points
badmoon426 04/30/14 - 04:31 pm
0
0
Has The Local Government...

...even bothered to come up with a list of Projects for the Engineering Portion of the SPLOST VII?

I am utterly amazed at how poorly written the SPLOST VII proposal is. You can tell it was originally prepared in haste with individuals with limited experience in drafting a proposal document.

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