Lee Bumps up SPLOST Projections
Press release from the issuing company
Thursday, December 9th, 2010
The Lee County Commission’s Finance Committee offered revamped revenue projections Tuesday some $3.8 million higher than originally projected for the county’s planned Special-Purpose Local-Option Sales Tax VI referendum, which officials hope to send to voters March 15.
Commissioner Bill Williams said he and Commission Chairman Ed Duffy used sales tax figures from the “months of the recession” to come up with the new projection of $24.9 million in SPLOST funds for the six-year period from Oct. 1, 2013, to Sept. 30, 2019.
“We did our homework on this,” Williams said after Tuesday’s special called meeting. “We were conservative, and we were careful, but we looked at the monthly collections from 2008, 2009 and from this year to try and project where we might be during the SPLOST.


