By ALEXANDER WILLIS
At their Monday night meeting, the Spring Hill Board of Mayor and Aldermen unanimously passed a referendum request for a sales tax increase on the Maury County side of Spring Hill from 2.25 to 2.75 percent.
As the request is now passed, the city will send the request to the voter registrar of Maury County, where the election commission will decide on whether to place a referendum for the sales tax increase on the next regular or special election.
If approved by the commission, the next election will see all of Maury County vote on whether to approve the increase. If denied by the commission, or if passed by the commission and the referendum fails, then the resolution would then be passed back to Spring Hill. Then, the city would hold their own, city-wide referendum on to whether or not impose the sales tax increase.
Currently, the sales tax rate in Maury County is 2.25 percent, for a total sales tax rate of 9.25 percent when combined with the state sales tax rate. At this rate, if a resident were to purchase $11 worth of goods, they would pay $1.02 in sales taxes. If the rate increase is eventually passed and adopted by the city, raising the total sales tax rate to 9.75 percent, that same $11 purchase would net the purchaser $1.07 in sales taxes.
At Spring Hill’s current sales tax rate, roughly $6 million is generated a year. If the increase on sales taxes were to pass, the city would then see roughly $7,672,000 generated annually, with half of that going towards schools in Maury County, and the other half going directly to the city.
The sales tax increase is just one of many avenues the city is currently exploring in order to pay for its nearly $200 million worth of infrastructure projects, which include things like Main Street’s expansion to five lanes, as well as projects affiliated with the new interchange project for I-65.