Mar. 13, 2013 - Officials say Hall County has denied it owes the city of Gainesville additional special purpose tax revenue and said the city owes it more than $185,000.
The county filed its answer and counterclaim Monday with the Superior Court in response to the city’s lawsuit filed last month.
According to the Times, Gainesville City Attorney James Palmour filed a breach-of-contract lawsuit, saying Hall County owed it more than $5.3 million in special purpose local option sales tax revenue from SPLOST VI’s collection.
At the center of the dispute is a December 2008 agreement that each is interpreting differently.
SPLOST VI was estimated to collect $240 million in a six-year period, ending in 2015.
Hall County agreed to make 48 monthly payments to Gainesville of nearly 600 thousand dollars, which is a little over $7 million a year and after four years, Gainesville would receive nearly 30 million dollars.
However, the county has lowered its projected revenues to $162 million from the original 240 million which would mean it would be paying the city about 17.6 percent of “total collections.”
Hall County has made only 39 payments, but has paid Gainesville more than $23 million in revenue, or about 14 percent of $162 million.
Now if those numbers were too much to figure by just listening, you can go to Glory1330.com and see the numbers yourself, as well as see the claims from both the county and the city of Gainesville.
Copyright Glory 1330 2013