McDONOUGH – The Henry County Board of Commissioners, as well as the city councils of all four Henry County cities, will meet on June 27 to discuss SPLOST V.
The meeting will start at 6 p.m. and will be located in the Community Room of the Henry County Administration Building, located at 140 Henry Pkwy. in McDonough.
According to a notice from the county, the governments will meet to discuss possible SPLOST V projects, including municipal projects for each of the four cities, and will also meet to discuss an intergovernmental agreement that will apportion SPLOST proceeds between the county and the cities.
The meeting is open to the public.
Over the last few months, Henry County’s four cities — McDonough, Stockbridge, Hampton and Locust Grove — have considered various projects to include in the SPLOST V referendum.
While the county is anticipating around $245 million in revenue from the sales tax, the four cities will split around a quarter of that revenue, or $61 million.
According to an email sent by Henry County Manager Cheri Hobson-Matthews to city officials, the four cities will divide their funds based on population numbers from the 2010 Census.
According to the email, Stockbridge, with the largest population at 25,636, would receive the largest share of those funds, at $26,117,000.
McDonough, with a 2010 population of 22,084, will receive the second-largest share at $22,491,000. Hampton, with a 2010 population of 6,987, would receive $7,129,500, while the smallest of the four cities, Locust Grove, with a 2010 population of 5,402, would receive $5,512,000, according to Matthews’ email.
Each of the four cities has been looking at ways to spend their share of the SPLOST V monies. In Stockbridge, city officials listened to suggestions from members of the public at town hall meetings.
In McDonough, a project list was mentioned at last Thursday’s City Council meeting. Around 64 percent of those funds have been tentatively earmarked for transportation projects.
SPLOST V will be the fifth iteration of SPLOST, a 1 percent sales tax.
The referendum is an “all or nothing” question. If voters approve the referendum, the county and its four cities will be obligated to build every item included in the project list. However, if voters deny the referendum, none of the projects will be built using SPLOST funds.
If approved, SPLOST V collections will begin in April, starting when SPLOST IV collections cease at the end of March.