Some SPLOST projects may not be completed - WALB.com, Albany News, Weather, Sports

Some SPLOST projects may not be completed

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By Karen Cohilas - bio | email

ALBANY, GA (WALB) - Albany city leaders say they found enough money in the upcoming budget to pay for fireworks and code enforcement, and they may be able to fund the Gang task force fully with no tax increase.

At the time projects were placed on the SPLOST V referendum, it was estimated the sales tax would bring in $65 Million dollars. But the cost of supplies for those projects spiked in the past couple of years, and sales tax revenues are coming in much lower than projected.

"We're looking at approximately a $7 Million deficit. So we need to look at our projects and see which ones we need to pursue and make adjustments as we need to," said City Engineer Bruce Maples.

Two main projects that may have to wait are the Holloway Drainage Basin, of which $10 Million SPLOST dollars were originally budgeted, and more than double that will be needed to complete the entire project.

"We have to make sure we have a significant enough project to where we're actually going to improve the drainage situation," said City Finance Director Kris Newton.

Another project that may be put on hold indefinitely, the Chehaw Connector bridge, which should cost about $2 Million.

"We just have to make the adjustments so we can get the most from the money that's left without overspending," said Newton.

But the projects aren't off the table just yet. Engineer Bruce Maples is gathering information about how much money remains in SPLOST V and how much is already committed to projects that are already underway.

One major glitch in this SPLOST is a $14 Million bond the city took for projects on that list that it is now paying back.

 

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