Savannah City Council accepts latest LOST proposal from Chatham Co.

Published: Dec. 20, 2022 at 4:51 PM EST|Updated: Dec. 20, 2022 at 6:24 PM EST
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SAVANNAH, Ga. (WTOC) - The City of Savannah has unanimously accepted the local option sales tax (LOST) offer from Chatham County.

Twenty-five percent will go to the county and that percentage will increase over the next several years to reach 31 percent. The rest of the LOST dollars will be split among the different municipalities within Chatham County.

Savannah City Council voted during the last council meeting of 2022.

“For us it was about math, it was about numbers, making it work. Some of the other stuff wasn’t necessary, but in the end, you know, we came to an agreement. I think that’s what the goal was: to come to a meeting of the minds,” Savannah Mayor Van Johnson said.

Bloomingdale and Thunderbolt are the only municipalities that haven’t approved this distribution agreement. Mayor Johnson says that the county will sign the agreement with the City of Savannah, and they will do the same with the rest of the municipalities if and when they pass it.