Peachtree City
officials seem to be adamant about their position on the Local Option
Sales Tax negotiations with the Fayette County Board of Commissioners.
The city wants
the LOST distribution formula to remain as is, with the county getting
47.5 percent of the funds and the remainder being split by the cities
on a population basis.
But the county
wants to increase its share to 50 percent, which would cost Peachtree
City approximately $400,000 a year. The City Council rejected that proposal
with a unanimous vote Thursday night.
At a post-election
meeting, city representatives wouldn't agree to the 50-50 county proposal
"and we left the room," Peachtree City Mayor Steve Brown told
council members at last week's meeting.
Councilman
Steve Rapson said to make up such a $400,000 shortfall would take doubling
the city's anticipated 9 percent millage increase.
At the original
meeting with county and city officials, the general agreement was to leave
the distribution formula the same, Brown said.
County Commission
Chairman Greg Dunn said at the end of the meeting "there may be some
minor modifications," Brown said, adding the county's proposed new
formula was a surprise.
City Attorney
Rick Lindsey said if the county and city don't agree on a LOST formula
next year, "until we reached a new agreement with Fayette County."
The LOST is
the largest source of revenue for Peachtree City.
All told, the
LOST brings in over $18 million to Fayette County. City officials contend
the current formula has benefited the county because of the tremendous
growth in Peachtree City since 1993.
During that
time frame, Peachtree City lost out on $2.6 million in LOST funds it deserved,
according to City Manager Jim Basinger.
Basinger advocated
rejecting the county's proposal for a new LOST formula.







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