Newnan City Council approves new tax distribution formula

By JOHN A. WINTERS
john@newnan.com
Newnan City Council approved new Local Option Sales Tax distribution allotments during its meeting Monday.
The approval is contingent on the Coweta County Board of Commissioners approving the measure as well. Under the LOST distribution, Newnan will see its percentage increase by about 3 percent the first two years and then capping for the remainder of the tax period, which ends in 2022.
Newnan would receive 25.95 percent in 2013; 28.57 percent in 2014; and 31.19 percent beginning Jan. 1, 2015 through Dec. 31, 2022. In comparison, Coweta County would get 68.20 percent in 2013; 64.00 percent in 2014; and 61.78 percent the remaining years. The other roughly five percent is split among the cities of Senoia, Sharpsburg, Grantville, Turin, Haralson and Palmetto.
Distribution of proceeds from the penny sales tax, which provides property tax relief, is renegotiated every 10 years based on population changes.
Also Monday, council approved a request from the city’s Development Authority to adopt an Economic Development Incentives Policy.

“This idea came out of our council retreat we had earlier,” said Hasco Craver, business development director. “We see this as another tool toward successful development of our community.”

Businesses could expedite certain processes and eliminate various fees by meeting certain requirements, such as adding 10 or more employees and making a capital investment of at least $1 million.

In return, the policy would allow the city — at its discretion — to expedite the permitting process, waive permitting fees, waive occupational taxes and support the issuance of revenue bonds to assist the business.

Also Monday, council:

• Approved an amendment to its 2012 budget for additional Christmas decorations for the downtown area. The additional expense was approved at council’s last meeting. The Christmas Committee requested an additional $10,625 for new decorations and to upgrade and replace existing ones.

• Approved a request to rezone about eight acres at 931 Lower Fayetteville Road to allow installation of a telecommunications tower. The request already was approved by the city’s planning commission and was made at the request of Prime Ventures Corporation/ AT&T.

Currently, that property is only zoned for self-storage facilities.

• Approved a request from the Newnan Junior Service League to set up a collection point on the downtown square for its 29th annual Can-A-Thon to benefit the Coweta Community Food Pantry. The event will be Nov. 27 from 7 a.m. to 7 p.m.

• Approved a request from Shanita Hunter to hold the Cobra Parade Oct. 5, beginning at 6 p.m.

• Approved a request a request from ArtisTree Films and Dreamedia productions to film in the city on Oct. 10, 11 and 13 in the McIntosh Parkway and LaGrange Street areas.

The companies are filming “Zombie Royale,” an independent film.



More Local

Thursday NAACP meeting cancelled; group meets tonight

The NAACP mass meeting scheduled for Thursday at Shady Grove Missionary Baptist Church has been cancelled.  The Coweta NAACP branch is ... Read More


10 Things to Know for Today

Your daily look at late-breaking news, upcoming events and the stories that will be talked about today: 1. UKRAINE CRISIS IS A TEST OF OBAMA ... Read More


Habitat for Humanity hampered by gunfire, crime

WARNER ROBINS, Ga. (AP) — A Habitat for Humanity official says that gunfire and gang graffiti are hurting the nonprofit's efforts to b ... Read More


Governor signs sweeping tax-break law

When the tax-free holiday will be for the next school year and what other industries are getting a break with the new law. Parents will get ... Read More


Freeze Warning, gusty winds for Middle Georgia

ATLANTA (AP) — Wind gusts of up to 40 mph are possible across much of north and central Georgia. The National Weather Service has issu ... Read More

Two-vehicle accident slows One Lane of Bullsboro Drive

Two vehicles were involved in an accident Monday afternoon on Bullsboro Drive which slowed Newnan traffic during rush hour. The accident occ ... Read More