T-SPLOST Penalties and LMIG —Corey Hull of VLMPO at LCDP (Part 4)

What’s your penalty, 50%, 30%, other? Corey Hull of VLMPO continues explaining T-SPLOST at LCDP.
If the regional transportation roundtable does not agree on a list to present to the voters by October 15th of 2011, then each jurisdiction in this region must match their Local Maintenance and Improvement Grant … at a rate of 50%.
That’s Local Maintenance and Improvement Grant Program (LMIG). So if they get $100,000 from LMIG they’ll have to match that with $50,000. This will affect smaller communities the most, since they use the most LMIG funds proportionally. And the most likely way to raise the funds to match is to raise property taxes.

So what if there is a list on the ballot but the voters vote it down?

If the voters do not approve the tax, then each local jurisdiction must match their LMIG funds at a rate of 30%. And the region must wait for two years before we can go back to the ballot.
So if the voters approve there’s probably no penalty, right? Wrong:
If the voters do approve the tax, there’s a 10% match on your LMIG funds and the local jurisdiction can use that 25% discretionary pot as their match.
There’s more in the video:


Corey Hull of the Valdosta-Lowndes County Metropolitan Planning Organization (VLMPO)
explains T-SPLOST (HB 277) and the Transportation Investment Act of 2010
at the monthly meeting of the Lowndes County Democratic Party (LCDP),
Gretchen Quarterman (Chair), Valdosta, Lowndes County, Georgia.
Video by John S. Quarterman for LAKE, the Lowndes Area Knowledge Exchange.

Next: Projects to GDOT.

-jsq