Received 27 October 2013. -jsq
I have had a number of folks contact me about the upcoming SPLOST VII referendum and inquiring about a MOST. Trying to talk about all of this in as few a words as I can is not easy. But to give you some perspective—the city’s general fund budget is $32M. $5.9M of the revenue for this fund comes from property taxes. Based on the city tax digest a mill is worth $1.5M. The experts say 50.2% of the sales tax is paid by out of towners. In the opinion of some folks, it is closer to 30%. Pick the experts or local guesses ….it still is a significant amount. It clearly is very beneficial to the citizens of Valdosta and Lowndes County.
By now many have heard about a MOST or Municipal Option Sales Tax.
In the first part of this year—the city of Valdosta was faced with Continue reading