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Georgetown County briefing details two 1¢ sales-tax questions on Nov. 5 ballot
Summary
County officials outlined how a local-option and a capital-project 1¢ sales tax on the Nov. 5 ballot would work, estimating roughly $10 million in annual collections per question and explaining that 71% of local-option proceeds would be used to roll back property taxes.
Georgetown County Council heard a detailed presentation on Oct. 22 about two separate 1¢ sales-tax referendums that voters will find on the Nov. 5 ballot: a local option sales tax that would be applied as a credit against property taxes and a capital project sales tax to fund a prioritized list of public projects.
Walt Ackerman, who addressed council during the meeting, said both measures would raise an estimated $10,000,000 a year each based on Department of Revenue figures and the county’s recent collections. "We anticipate collecting approximately $10,000,000 a year," Ackerman said, adding the county used conservative estimates drawn from the Department of Revenue.
Ackerman explained…
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