Consultants hired to duel over Fort Oglethorpe sales tax - WRCBtv.com | Chattanooga News, Weather & Sports

Working Together For You

Consultants hired to duel over Fort Oglethorpe sales tax

Posted: Updated:

FORT OGLETHORPE, GA. (Times Free Press) -- Costco, Walmart, Kmart and Home Depot are all inside Fort Oglethorpe's city limits and ring up a lot of sales tax dollars throughout the year.

Yet when the local option sales tax -- 1 cent from every $1 purchase -- is divvied up, Fort Oglethorpe gets only 20 percent, while Catoosa County takes 70 percent and Ringgold comes in third with a 10 percent share.

Fort Oglethorpe's percentage added up to $1.9 million in 2011 -- nothing to sneeze at. In fact, local option sales tax -- known as LOST -- is the single largest source of income for the city's general fund, outstripping even property tax, which generated $1.3 million in 2011.

But Fort Oglethorpe city officials wouldn't mind getting a larger slice of the LOST pie. An extra 10 percent, for example, would have brought in another $800,000 in 2011. Multiplied over the decade-long distribution period for LOST money, that adds up to $8 million.

Read more on the story from our news partners at the Chattanooga Times Free Press.

Powered by WorldNow
Can't find what you're looking for?

WRCB-TV
900 Whitehall Road
Chattanooga, TN 37405
(423) 267-5412

WRCB Jobs EEO | FCC Public Files

Powered by WorldNow
All content © Copyright 2000 - 2014 WorldNow and WRCB. All Rights Reserved. For more information on this site, please read our Privacy Policy and Terms of Service.