Still no decision on split of LOST funds
Tue, 24 Jul 2012 04:45:00 GMT —
Negotiations continued Monday evening on how Local Option Sales Tax funds will be split in Lee County.
Lee County is now offering the city of Leesburg 12% of lost funds and offering Smithville 6%.
Both Leesburg and Smithville officials believe the offered amount should increase by one point respectively, making Leesburg's share 13% and Smithville's share 7% of LOST funds.
After Monday's meeting, the group still didn't come to an agreement about how the money should be split.
"We're closer than we were a week ago. Now we didn't make an agreement today but there's a 60 day negotiation period and we're not even 30 days into that negotiation period and we're closer than we were a week ago," said Rick Muggridge, Lee County Commissioner.
The Lee County Board of Commissioners hasn't set a date for when they'll meet again for negotiations.