Oconee County SPLOST Report Shows $9.2 Million In Unspent Funds From 2004 and 2009 Tax Collections

Oconee County was sitting on $9.2 million in unspent funds in its Special Purpose Local Option Sales Tax accounts on June 30, three months before the 2009 tax came to an end, according to the annual report the county is required to publish by the end of the month.

The money includes $3.6 million in collected but unspent revenue from the 2004 SPLOST and $5.6 million from the 2009 SPLOST, which went into effect in September of 2009 when the 2004 SPLOST expired.

The $5.6 million in excess revenue over expenditures for the 2009 SPLOST occurred even though revenue for that 2009 tax fell short of projections.

The county actually collected just less than $29 million, rather than the $34 million it told voters it expected to receive from the tax, but it spent less than $23.4 million.

The county’s four cities received just less than $4.8 million, rather than the $5.7 million projected.

For more on this story, go to Oconee County Observations.

Pictured: EOC and Jail in Watkinsville.