While the Coweta
County School System's Special Purpose Local Option Sales Tax collections
are running higher this year, the system is still worried about collections
down the road.
Public Information
Director Dean Jackson said the county's comptroller, Keith Chapman, ran
a report showing the system's tax collections for the last five years.
From August
of 2002 to last month, the system collected $13.89 million in taxes. During
the prior year, the system collected $13.78 million.
"While
its up only .8 percent, some systems are seeing a decrease this year,"
Jackson said.
The increase
pales in comparison to the systems collections of sales tax dollars in
the 1990s, when increases of 8 to 12 percent a year were not unusual,
Jackson added.
The system
is currently in the second year of the current SPLOST, which outlined
nearly $97 million in projects.
If the system
keeps collecting $13 million a year, it would fall more than $30 million
short of projections.
"We just
don't know if the economy's going to turn around," Jackson said.
Still, with
the money collected, Jackson said the system will be able to finish their
initial projects, such as a new elementary school, and retire the bonded
indebtedness.







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