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It’s something to celebrate! Commerce
in Douglas County
Georgia will get a little more
affordable July 1st due to the expiration of a Special Purpose Local
Option Sales Tax (S.P.L.O.S.T.). Voters rejected the continuation of the SPLOST
last July by a vote of 53 to 47 percent.
The 2002 SPLOST, which will end
June 30, became an issue of controversy after massive overruns on the Boundary
Waters Aquatic Center
drove the project from $3 million to nearly $10 million and an audit
commissioned by the board of commissioners concluded the public was "mislead"
about how the tax money was to be spent.
Over the next six years, county
officials estimate a new SPLOST would generate more than $166 million. Because
voters rejected the tax last year, $166 million will go back into the pockets
of consumers to spend or save as they see fit.
James Bell, director of Douglas
County Taxpayers Coalition (DCTC) said lower taxes will make Douglas
County more competitive in the
market place and give consumers more cash to spend which will generate even
more tax revenue.
"Lower taxes stimulates the
economy", Bell said. "Over the next
6 years, we will be able to put $166 million back into our pockets and the
economy."
Bell
said the reduction of the sales tax to 6 percent will bring Douglas
inline with Cobb County
and allow local merchants to compete on big ticket items.
The current 7 percent sales tax consists
of 4 percent state tax, one percent education tax, one percent local tax and
one percent special tax.
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