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Legal ads divulge TSPLOST payouts

Lamar County voters will find a TSPLOST referendum on their ballots for the November general election and legal advertising, which begins this week in The Herald Gazette, details how the funds will be dispersed. If the one percent sale tax for roads, bridges, etc. passes, the county and its municipalities will start collecting money on April 1, 2022. The tax will be in place for a period not to exceed five years without voter approval to renew it. TPLOST collections are expected to total $12,200,000 over that period. Once the tax is in place, the county and its cities can issue general obligation bonds up to the amount of $10,550,000 and pay them off with collections. Projected TSPLOST revenues over the five-year period are Lamar County $5,954,000; Barnesville $4,392,000; Milner $488,000; and Aldora, $366,000. The legal advertising regarding TSPLOST is published in the 8.10.21 print edition of The Herald Gazette.

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