What happens with surplus funds collected?
The actual cost of Tier 1 SPLOST projects may be less than budgeted or the City may collect more SPLOST funds than originally budgeted. "Tier 2" projects are defined as being approved for funding or completion only if funding becomes available due to cost savings on Tier 1 projects or increased collected revenues. So, all Tier 1 projects would have to be completed and any funds leftover from Tier 1 may be used to complete any listed Tier 2 projects.