|HENRY COUNTY, GA. – June 15, 2020 – The Henry County Board of Commissioners approved a resolution at the June 9 workshop meeting to move forward with a Transportation SPLOST (TSPLOST) to address transportation needs in the county. The resolution also called for Commission Chair June Wood to serve as a liaison with the cities in Henry County regarding the T-SPLOST. |
Planning and Economic Development Director Toussaint Kirk said that a TSPLOST allocates up to 1 percent sales tax and the capital outlays are intended for transportation purposes only. In his presentation he highlighted several government and municipalities who were successfully utilizing a TSPLOST and explained that based on current SPLOST projections, a TSPLOST could be imposed up to one percent in increments of .05 percent. To collect the full one percent, the county would need to have an intergovernmental agreement with its respective municipalities, however without an IGA in place the maximum rate for the TSPLOST can’t exceed 0.75 percent.
He also said that a TSPLOST may not exceed five years, must be approved through voter referendum and at least 30 percent of estimated revenue must be spent on projects consistent with the statewide Strategic Transportation Plan. Funds collected through the TSPLOST may be used for transportation purposes including acquisition of right-of-way and construction of roads, streets, bridges and bicycle paths, as well as many other transportation initiatives and projects.
Based on Henry County’s current SPLOST V revenue projections, Kirk said that a TSPLOST of up to one percent has the potential to raise $204 million over a five-year period. A single county TSPLOST of up to .75 percent is estimated to potentially raise $155 million over a five-year period.
Next steps include staff developing a transportation project list and county management working with the cities of Hampton, Locust Grove, McDonough, and Stockbridge to develop intergovernmental agreements.
Commissioners discussed various timelines and settled on the November 3 ballot to present the referendum to voters.