Pike County commissioners recently approved a one-cent Special Local Option Sales Tax for road and infrastructure improvements to be added to the May 24 ballot.
The SPLOST would not exceed six years and would start on Oct. 1, 2022 “for the raising of an estimated amount of $20,000,000 for the purpose of water, sewer, storm water drainage, road, street and bridge improvements, including paying any related debt obligations in Pike County and the cities of Concord, Meansville, Molena, Williamson and Zebulon.”
If the SPLOST is approved, the vote constitutes approval of the issuance of general obligation debt in the principal amount of up to $14,000,000 which must be used for listed capital outlay projects, capitalized interest on the debt and the costs of issuing the debt.
Cities in Pike would use the funds for infrastructure as well.
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