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Forest Park reviews SPLOST balances, city center cost pressures and project timelines
Summary
City staff told the council the city’s remaining SPLOST fund balances are roughly $1.4 million (2008), $4.7 million (2015) and $14.3 million (2021). Council discussed prioritizing flexible language in the SPLOST list and affirmed it expects to be involved in developing the list of projects the county will put on the referendum.
Council members on June 2 received an update on the status of SPLOST (Special Purpose Local Option Sales Tax) funds and capital projects, including the new city center and park renovations.
Key figures and context
City Manager Ricky Clark said finance staff pulled current fund balances for the city’s three referenced SPLOST cycles: about $1.4 million remained from 2008, about $4.7 million from 2015 and about $14.3 million from 2021. Clark noted that many projects listed in SPLOST referendums date back years and that rising costs (inflation) have increased project prices since those lists were drafted.
City ce…
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