.

Durrett Offers TSLPOST 101

During Monday's Rotary Club of Sandy Springs luncheon, Jim Durrett, executive director of Buckhead CID and a MARTA board member, offered need-to-know information on TSPLOST.

Whether you are for it or against it, TSPLOST has become a part of daily conversation. On Monday, Jim Durrett, executive director of the Buckhead Community Improvement District, spoke to the Rotary Club of Sandy Springs’ and explained the basics of the measure during the club’s weekly luncheon.

Durrett, who is also a MARTA board member, said without a clear understanding of TSPLOST, voters could be discouraged by language on the ballot, on July 31st.

Something like, “Will you agree to a one percent sales tax to improve transportation in Atlanta and the state of Georgia” is ambiguous, he said.

He offered the following facts:

  • The Transportation Investment Act of 2010 allowed Georgia to divide into 12 regions. On July 31st, voters in those regions will decide if they want an increased sales tax of one percent for 10 years.
  • In 2011 dollars, the tax would amount to $7.2 billion.
  • Regionally, it would fund projects in Fulton, Dekalb, Cobb, Gwinnett, Clayton, Cherokee, Douglas, Fayette, Henry and Rockdale Counties.
  • If TSPLOST is approved, the Legislature requires that 15 percent or $1 billion be set aside for local projects. For example, Sandy Springs would receive an estimated $1,841,969 annually for transportation projects. 
  • Elected officials in the 12 regions across Georgia participated in regional roundtables and came up with a list of 157 projects that would be funded by the remaining $6.2 billion. Those projects would include transit, roads, bike and pedestrian paths, and small airfields.
  • If a majority of the counties in the Atlanta region votes yes for TSPLOST and a lesser number votes no, the measure will pass and the counties that voted no will participate in the one percent sales tax.

Durrett believes that if TSPLOT is approved the region is likely to receive federally matched funds. If it is not passed, the percentage match from future state investments will increase, he said.

“Local governments will have to match future state investments at 30 percent, which is greater than what [they] put in today,” he said. “Today it’s 10 percent to draw down 90 percent.”

Joseph June 15, 2012 at 03:12 AM
Don't you think we pay enough tax? Accounts Receivable Tax Building Permit Tax Capital Gains Tax CDL license Tax Cigarette Tax Corporate Income Tax Court Fines (indirect taxes) Dog License Tax Federal Income Tax Federal Unemployment Tax (FUTA) Fishing License Tax Food License Tax Fuel permit tax Gasoline Tax (42 cents per gallon) Hunting License Tax Inheritance Tax Interest expense (tax on the money) Inventory tax IRS Interest Charges (tax on top of tax) IRS Penalties (tax on top of tax) Liquor Tax Local Income Tax Luxury Taxes Marriage License Tax Medicare Tax Property Tax Real Estate Tax Septic Permit Tax Service Charge Taxes Social Security Tax Road Usage Taxes (Truckers) Sales Taxes Recreational Vehicle Tax Road Toll Booth Taxes School Tax State Income Tax State Unemployment Tax (SUTA) Telephone federal excise tax Telephone federal universal service fee tax Telephone federal, state and local surcharge taxes Telephone minimum usage surcharge tax Telephone recurring and non-recurring charges tax Telephone state and local tax Telephone usage charge tax Toll Bridge Taxes Toll Tunnel Taxes Traffic Fines (indirect taxation) Trailer registration tax Utility Taxes Vehicle License Registration Tax Vehicle Sales Tax Watercraft registration Tax Well Permit Tax Workers Compensation Tax
Joseph June 15, 2012 at 03:12 AM
Thanks, Jim, but we don't trust gov't that 1) this tax will ever go away 2) this $$ will be spent without corruption. Raise the $$ via bond offering.

Boards

More »
Got a question? Something on your mind? Talk to your community, directly.
Note Article
Just a short thought to get the word out quickly about anything in your neighborhood.
Share something with your neighbors.What's on your mind?What's on your mind?Make an announcement, speak your mind, or sell somethingPost something
See more »