TSPLOST is a Transportation SPLOST which allocates up to a 1% sales tax and the capital outlays must be used for 'Transportation purposes' only.
The Chatham County Board of Commissioners approved a resolution at their meeting on July 29, 2022 authorizing the levy and collection of TSPLOST funds upon approval by referendum in the November 8, 2022 general election. The County and Cities have negotiated a division of the TSPLOST revenue to be collected in the event that the majority of votes cast in the general election are in favor of imposing the TSPLOST. If approved, the TSPLOST collections will begin on April 1, 2023 and continue for a period of 5 years. The amount of money to be collected by the TSPLOST is estimated to be $420,000,000 over the 5 year period.
'Transportation purposes' means and includes roads, bridges, public transit, rails, airports, buses, seaports, including without limitation road, street, and bridge purposes pursuant to paragraph (1) of subsection (b) of Code Section 48-8-121(see below), and all accompanying infrastructure and services necessary to provide access to these transportation facilities, including new general obligation debt and other multiyear obligations issued to finance such purposes. Such purposes shall also include the retirement of previously incurred general obligation debt with respect only to such purposes, but only if an intergovernmental agreement has been entered into under this part.