There is no additional tax as a result of SPLOST VI...
There is no additional tax as a result of SPLOST VI. What the county financial folks will do is borrow the minimum amount of the expected revenue over the 5 year life of SPLOST VI so that the projects identified can be started right away. The prompt undertaking and payment for these projects will save on inflation-fueled cost increases for labor and materials and this savings will offset the cost of borrowing the money. In addition, the interest paid on the borrowed money comes from the SPLOST VI proceeds, not the general operating fund of Forsyth County