Fayette County allocates extra SPLOST funds
Fayette County is allocating $3.75 million of special purpose local option sales tax revenue to three departments after revenue collections exceeded projections.
Chief Financial Officer Mary Parrott told the Board of Commissioners Thursday that the county had expected to receive $19.9 million during the first two years of the one-cent sales tax approved by voters in 2017. But the county has so far collected $23.7 million, prompting a recommendation to put the extra funds into the contingency budgets of three departments that still have pending SPLOST projects.
The board voted unanimously to approve the transfer of $2 million to the stormwater fund, $1.5 million to the transportation department and $250,000 to the fire department. Nineteen recent SPLOST projects have been officially completed, and $105,323 in cost savings from those line items will be transferred back into the 2017 SPLOST account.
