15 Reasons to Detest T-SPLOST and Punish its Promoters
The Transportation Investment Act of 2010 (also referred to even in the legislation as the ‘Transportation Investment Act’) is being called T-Splost all over Georgia. The legislation establishes a new 1% sales tax supposedly dedicated to regional transportation.
Our region is the Central Savannah River Region, consisting of populous Richmond and Columbia counties, along with 11 rural counties. The tax covers a 10 year period. The funds are totaled for the region, then allocated based upon 75% a “constrained investment list of projects and 25% discretionary funds based upon an 80% non-state road miles per county and 20% based upon population. Funds are collected by the Georgia Department of Revenue, then transferred to the Georgia Finance and Investment Commission for distribution.Confusing? You bet. That is intentional.