Tax Credits Offer Hope for Rural Hospitals
The Rural Healthcare Tax Credit, which begins in January 2017, allows individuals and corporations to donate to hospitals deemed Georgia's most vulnerable by the Department of Community Health. Total donations allowed under the tax credit in 2017 are $50 million. In 2018, that jumps to $60 million in tax credits. In 2019, $70 million in tax credits will be available. Every person or company that donates can see up to 70 percent of that money returned as a tax credit.
Winder Getting $9M for City Water System Project
The City of Winder is getting a $9 million low-interest loan from the Georgia Environmental Finance Authority for improvements to it water system. Winder is one of twelve Georgia communities awarded financing totaling $26.1 million for water, sewer, wastewater and solid waste infrastructure improvements by the Georgia Environmental Finance Authority board of directors.
Georgia Webinar: Utilizing Community Improvement Districts in the Peach State
Expert panelists explored the prevalence of Community Improvement Districts projects in Georgia and how they are being used to finance revitalization in communities all of sizes during this webinar.
SPLOST Referendum on Ballot for Douglas County
There are three issues on the ballot for the general election that concern Villa Rica residents: a SPLOST referendum for Douglas County and elections for a new mayor and new Ward 4 council member. The Special Local Option Sales Tax question will determine what kinds of capital improvements will be made over the next six years in the Douglas County section of the city, an area that is expected to see a surge in growth over the next decade.
Budget For City of Temple Tackles a $332K Water Fund Deficit
The new budget for the City of Temple projects a $332,000 deficit in the town's water and sewer fund, an impact that will worsen a decline in fund balances, even as the city prepares to write a $4.6 million check in four years to pay off its wastewater treatment plant. To address the issue, the economic plan for fiscal year 2017 envisions raising fees for using the city utilities, while setting aside $623,000 to keep the city within the terms of the bond that is paying for the plant -- a loan that is to be paid off with a balloon payment due Jan. 1, 2021.
Newton County's Five Municipalities Negotiate for Bigger SPLOST Cut
The mayors of Newton County's five municipalities negotiated for a bigger cut of potential 2017 Special Purpose Local Options Sales Tax (SPLOST) money during a work session with the Newton County Board of Commissioners (BOC). The SPLOST, which will go on the ballot for a March 17 vote, is anticipated to bring in $900,000 a month, or $64,800,000 throughout the 72-month period.
Suwanee Approves Funds to Design New Sidewalks
The Suwanee City Council voted to execute a contract with Clark Patterson Lee for the design of sidewalks between George Pierce Park and Ruby Forest. The $17,270 contract is part of the Pedestrian and Bicycle Plan.
Clemson Organic Peach Research Bags $1M USDA Grant
More Southeastern peaches will be grown organically thanks to a $1 million federal grant awarded to Clemson University. Clemson University pomologist Juan Carlos Melgar and pathologist Guido Schnabel are tying paper bags on peaches as they grow on trees, an unconventional method of protecting them from insects and disease while reducing reliance on pesticides.
Filming Industry Continues to Grow in GA with a Tax Credit
The boom in the motion-picture industry in Coweta and other parts of Georgia is showing no signs of slowing, according to the state's chief film recruiter. In order to regain a competitive stance with other states, Gov. Sonny Perdue signed the 2008 Entertainment Industry Investment Act into law. Companies receive a 30 percent tax credit for projects filmed in Georgia. Ten percent of the 30 percent is acquired only if the Georgia promotion logo is shown in the qualified project.
Tax Credit Giving Historic Hotel Clermont Hope for New Life
The Hotel Clermont's renovation has been in question for several years due to the multi million dollar cost of refurbishment. Last year, the Georgia General Assembly passed House Bill 308, raising the maximum tax credit allowance for historic structures from $300,000 annually to $5 million. The change finally gave the iconic Hotel Clermont a hope for new life.
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