The agenda for tomorrow morning’s Work Session and voting Tuesday evening doesn’t actually list the $437,823.30 insolvent tax writeoff as “BUDGET IMPACT” but it seems like it must affect the budget of Lowndes County, Georgia.
What would you guess would be the biggest insolvency for business closed, things moved somewhere else, etc.? Mobile homes? Paving? Real Estate?
Cost | What |
---|---|
$618,767.14 | Fender Road Improvement Project |
$437,823.30 | Insolvent List – Tax Commissioner |
$28,842.00 | Agreement for HVAC Service for Additional Lowndes County Buildings |
$1,085,432.44 | Total |
Nope.
Insolvent tax writeoffs, Fender Road Improvement
On page 21, Personal Property, GANDER MOUNTAIN COMPANIES has three lines of base + interest + Penalty + FIFA and in one case they actually paid the base tax. So the nets for each of the three lines add up as $16,917.55 + $82,256.20 + $74,203.57 = $173,377.32. That’s just shy of 40% of the $437,823.30 total. Maybe big box stores are more of a risk than the county and cities have been taking into account. Continue reading