By Tia Lynn Ivey
The City of Madison voted to approve an Intergovernmental Agreement (IGA) with Morgan County government, which outlines the revenue allocations for each of the county’s municipalities should a new sales tax pass an upcoming referendum this March.
The county is hoping voters will cast their ballots in favor of TSPLOST, a Transportation Special Local Option Sales Tax, which would add a one percent increase to the sales tax in order to bring in revenues for transportation-related projects and resources.
The city’s share of projected revenues from TSPLOST would be 21.9 percent, which would amount to about $3.8 million, according to the IGA. The county projects that a total of at least $18 million will be generated from TSPLOST over the course of five years. “We believe this is a very conservative estimate,” said City Manager David Nunn, who noted in the past, sales tax projections aimed too high and brought in less than anticipated. “We believe the county did its due diligence and came up with a sound projection here and that it could potentially bring in even more. I am confident that they charted a good conservative course for us.”
According to Nunn, if TSPLOST passes on March 19, the city would use the extra funds for sidewalks, trails, and resurfacing roadways. According to Nunn, the city could double the amount of road resurfacing done each year, and could maybe even triple the amount of sidewalks installed each year throughout the city with the extra funds.
“We could also levy money for trails or maybe even take on capital projects that will help enhance connectivity throughout town,” said Nunn.
The TSPLOST referendum will be held on Tuesday, March 19. If the measure passes, the new sales tax will go into effect in June of 2019.