Agenda Item #

Columbus Consolidated Government

Council Meeting

07/23/2013

Agenda Report #


TO: Mayor and Council

SUBJECT: Agenda Report TSPLOST Discretionary Funds

INITIATED BY: David Arrington, Deputy City Manager



Recommendation: Adoption of the attached criteria for selection and funding of projects utilizing the Transportation Special Purpose Local Option Sales Tax (TSPLOST) - Discretionary Fund proceeds and approving the allocation of $750,000 of Discretionary Funds already collected for the purpose of performing critical bridge/culvert repairs.

Background: The Transportation Investment Act approved by the voters in 2012 provides for the allocation of a portion of the sales tax proceeds to be distributed to local jurisdictions for local transportation projects. The use of these funds is restricted to those areas outlined in Georgia Code. The sales tax was implemented in January 2013 and the City has received $1,002,025 in discretionary funds from the State of Georgia for the period January to May.

Analysis: At the direction of Council, staff has developed criteria for the selection of projects to be funded by the TSPLOST Discretionary Funds. Utilizing this criteria staff will submit to Council in the first quarter of each calendar year a list of projects to be funded with the sales tax proceeds. The funding of projects utilizing TSPLOST Discretionary Funds will be on a Pay-As-You-Go basis. The criteria is being submitted to Council for adoption by resolution. The resolution includes an allocation request for $750,000 to fund critical bridge/culvert repairs in Fiscal Year 2014 utilizing funds already collected under the Discretionary Fund.

Financial Considerations: Proceeds from the TSPLOST Discretionary Fund will have a positive impact on revenue. It is anticipated the sales tax will result in approximately $2,500,000 in revenue for Fiscal Year 2014.

Projected Annual Fiscal Impact Statement: There is no project annual fiscal impact with the adoption of the criteria.

Legal Considerations: Expenditures of TSPLOST Discretionary Funds must be in compliance with Georgia Code 48-8-249 (e) and 48-8-242 (10).

Recommendations/ Actions: Adopt the attached criteria for selection and funding of projects utilizing the Transportation Special Purpose Local Option Sales Tax (TSPLOST) - Discretionary Fund proceeds and approving the allocation of $750,000 of Discretionary Funds already collected for the purpose of performing critical bridge/culvert repairs.