The collections of a Special Purpose Local Option Sales Tax (SPLOST) have come in 4.27 percent above projections, county officials said.
SPLOST VII has brought in approximately $29.9 million in revenue, about $1.2 million over its estimated total for its first year; spending has stayed on budget, according to a news release from Katie Crumley, county spokeswoman.
The sales tax is expected to generate $158 million in revenue over its five-year course.
"The higher than expected SPLOST VII collections can be attributed to Hall County's improving economy and on the conservative projections made by County officials and the Georgia Tech economist used to calculate potential SPLOST revenue," said Hall County Commission Chairman Richard Mecum.
Thus far, $16.4 million has been spent, including the first installment of the E-911 radio system upgrade, public safety vehicles and the paving of various county roads.
"We are pleased to see these tax dollars being spent wisely and in accordance with what was voted on by residents of Hall County and its cities," said Frank Norton, Jr., chairman of the SPLOST VII Citizen Review Committee.
Residents can view the expenditures and budget for SPLOST VII on the Hall County website.
