Peachtree City and Tyrone stand
to be the big losers under the county's proposed plan to equalize sales
tax distribution.
In fact, Peachtree City could
lose nearly $400,000 a year under Fayette County's new proposal for dividing
up sales tax dollars.
The County Commission voted
unanimously Thursday to call for a 50-50 split of the more than $15 million
in sales tax dollars that is collected every year.
Currently, the county only
receives 47.5 percent of the money.
"It's just a simple solution
for being fair," said Commissioner A.G. VanLandingham.
Every 10 years after the Census
records are complete, the county and its largest municipality have to
sign off on a distribution method for sales tax monies.
County finance director Mark
Pulliam offered a comparison of the current and proposed plans during
Thursday night's meeting.
Currently, the credit a resident
of the unincorporated resident receives on his property tax bill is $169.14.
Residents who live in the municipalities receive a much larger credit,
ranging from $461.52 in Fayetteville to $637.67 in Brooks.
The new plan would give unincorporated
residents a bigger tax break by raising their credit to $178.04. Residents
in Brooks and Fayetteville would also see a slight hike in their credits.
Brooks residents credit rises to $643.27 and Fayetteville's credit rises
to $482.01.
But residents in Peachtree
City and Tyrone would see their tax bills increased. Peachtree City's
credit is estimated to drop from $517.25 to $504.82. Tyrone's credit takes
the biggest hit with their credit dropping from $598.75 to $541.03. Tyrone
would lose nearly $80,000 a year in tax revenues under the plan.
"This is a complex law
and its purpose is to give property tax relief. It's important to make
sure every taxpayer gets some amount," said Commission Chairman Greg
Dunn.
The issue now goes to Peachtree
City for discussion.
County officials emphasized
the figures could change if the cities decided a different measure of
distribution for their 50 percent of the funds.
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