Tag Archives: property tax

Zero owed in 2010; why $8.9 million owed now on county palace? @ LCC 2012-12-11

If Lowndes County owed $0 (zero dollars) on the county palace in November 2010, why are we paying on $8,965,000 in bonds for it in December 2012? If that palace was “100% Paid by SPLOST” in 2010, why in 2012 is the county pledging our property tax dollars to pay those bonds?

Zero balance on the county palace?

In November 2010:

$22,380,000
Judicial Building Cost

$6,728,000
Administrative Building Cost

100%
Paid by SPLOST

$0
Balance Owed

So says a double-page flyer about “the Lowndes County Judicial & Administrative Complex” Flyer from November 2010 produced by the Valdosta Daily Times for Lowndes County in 2010 and signed “Highest regards, Joe Pritchard, County Manager”. There’s no dateline, but it invites the public to a dedication of the Complex “on Friday, November 12, 2010.”

Preliminary Official Statement Dated November 20, 2012 from Morgan Keegan about the $8,965,000 in Refunding Revenue Bonds (Lowndes County Judicial/Administration Complex) Series 2012, which says this:

The Bonds are payable solely from payments to be made by Lowndes County, Georgia (the “County”) pursuant to an Intergovernmental Contract, dated as of December 1, 2012 (the “Contract”), between the Issuer and the County. Under the Contract, the County has agreed to levy and collect an annual tax on all taxable property located within the County as may be necessary to produce in each year revenues which are sufficient to make the payments required by the Contract.

So which is it? Continue reading

Lowndes, Tift, and Ware donor counties and majority @ SGRC 2011-09-19

Someone asked:

If Lowndes, Tift, and Ware vote against it, and the other fifteen counties vote for it, that’s a majority.

Corey Hull:

As long as they reach 50% + 1 in voters.

Questioner:

Those three counties, which would probably be the three donor counties in this region… they could kill it for our region if it was a large turnout.

Roy Taylor:

A large county like we could kill it for everybody.

The referendum is still on for July (during the primary, with less turnout) not November (during the general election).

The eighteen counties are: Continue reading