Everything Old is New Again
Press release from the issuing company
Monday, October 4th, 2010
Historically, special local-option sales taxes have been rooted in infrastructure improvements and construction.
When the legislature created the special-purpose local-option sales tax program in the 1980s it was designed largely to help local governments fund road paving and resurfacing, bridge construction and rehabilitation because, generally, those items were too pricey for city and county governments to fund on their own.
Fast-forward 25 years, and SPLOST is still around. But now, legislators have seen fit over the years to expand the scope of the program and allow more uses for the 1 percent sales taxes collected.
