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Johns Creek staff: T‑SPLOST 2 shows overall program solvent but three big projects face shortfalls
Summary
Finance staff told the council an updated T‑SPLOST 2 chart shows roughly $18 million available today but named three projects (Old Alabama Bridges, Nesbitt Ferry at Holcomb Bridge, Chattahoochee Greenway Phase 2) with a combined deficit near $25 million; staff said grants, timing and additional collections should close the gap.
Mindy Sanders, the finance staff member who presented the city's T‑SPLOST 2 update, opened with a snapshot of funding and costs: “So I'm here tonight to provide a financial update for the T‑SPLOST 2 program,” she said, noting an updated agenda packet that shows current cost estimates and funding for each project.
Sanders told the council the program currently reflects roughly $18,000,000 in available funds but that three major projects—Old Alabama Bridges, Nesbitt Ferry Road at Holcomb Bridge Road, and Chattahoochee Greenway Phase 2—together show a shortfall of about $25,000,000. “Those three projects alone have a deficit of close to $25,000,000 currently,” Sanders said, and staff emphasized that the deficit estimate assumes constructing all projects immediately rather than staging work.
Council members questioned scope and timing. Sanders clarified the greenway line item on the chart includes construction (not just engineering) and said the program's recent collections are stronger than earlier projections. Staff described roughly $10.3 million in revenue collected above previous projections to date and characterized recent monthly collections at about $1.4 million on average (the transcript contains a garbled numeric string for the per‑month figure; staff framed the takeaway as collections running materially above early expectations).
Staff outlined options for closing project gaps: pursue state and federal grants, allow additional interest and higher-than-anticipated collections to accumulate, or temporarily reassign existing T‑SPLOST funds between projects with subsequent budget amendments once bids and costs are firm. On schedule, staff reminded the council T‑SPLOST 2 collections continue through April 2027 and that some projects are delayed by right‑of‑way and federal oversight requirements.
Next steps: staff will track upcoming bids (McGinnis Ferry bids were reported as due on Thursday), continue grant outreach, and come back with precise bid results and recommended budget amendments when actual construction costs are known.
