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Council amends 2026 budget to create special revenue fund for floating LOST receipts

Newman City Council · April 14, 2026
AI-Generated Content: All content on this page was generated by AI to highlight key points from the meeting. For complete details and context, we recommend watching the full video. so we can fix them.

Summary

Council approved a 2026 budget amendment to establish a special revenue fund to hold floating local option sales tax (LOST) receipts, pending adoption of the millage rate and further guidance from the Georgia Department of Community Affairs and Georgia Municipal Association.

The Newman City Council unanimously approved an ordinance amendment to create a special revenue fund to receive floating local option sales tax (LOST) receipts.

Finance staff (speaker 16) explained the action followed direction from the Georgia…

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