Commissioners approve LGIP account actions and highlight interest revenue use
The Board opened new LGIP accounts (2025 TSPLOST, 2026 SPLOST), updated signer resolutions for multiple LGIP accounts, and approved closing the 2020 TSPLOST LGIP account; commissioners said LGIP interest income has funded projects without raising taxes.
The full story
County staff requested and the Board approved several Local Government Investment Pool (LGIP) account actions on Feb. 24 intended to earn higher interest on reserve funds. Actions included opening a '2025 TSPLOST' LGIP account and a '2026 SPLOST' LGIP account, updating signer resolutions for the General Account (Landfill), General Fund (reported at approximately $14,165,153.46), 2020 SPLOST (account title contains a typographical error and will remain as titled), and General Fund Projects (former ARPA funds, ~$3,763,281.53), and closing the 2020 TSPLOST LGIP account with remaining funds transferred to a bank account for final disbursement.
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