Pooler considers how to spend added LOST funds | savannahnow.com

4
Jun

Pooler considers how to spend added LOST funds | savannahnow.com

Good news continues for the city of Pooler, which learned several days ago that its population has continued to grow beyond its dizzying 200 percent rate in the 2010 U.S. Census.

The latest census data estimated Pooler grew 7.74 percent since April 2010 to about 20,598 residents, cementing its place as Chatham County’s second-largest city.

That simple fact is a big reason it will receive a larger share of local-option sales tax, or LOST, revenues than in past years.

After the dust settled in March from a protracted renegotiation period marked by an unsuccessful mediation that led to a two-day dispute hearing, Pooler’s share of the LOST revenues jumped from 3.19 percent to 8.84 percent.

While much hinges on an unpredictable economy, $55 million-$60 million in LOST revenue is projected to land in the city’s coffers over the next 10 years. About $4.7 million is anticipated by the end of this year, which is roughly $2.8 million more than originally anticipated, said City Manager Robert Byrd Jr.

via Pooler considers how to spend added LOST funds | savannahnow.com.

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