If agreed to by the city of Griffin, the new split on LOST proceeds, used to offset property taxes would be 59.5 percent for the county and 40.5 percent for the city for the next 10 years beginning Jan. 1. This is a change of half a percent or about $40,000 less for the county than the current 60/40 split agreed to more than 10 years ago.
Commissioner Raymond Ray, who was the county commissioner’s elected representative in the staff-level negotiations with the city, explained county and city staff met numerous times to come up with a solution both sides could agree to in an effort to avoid the additional costs of mediation and arbitration.
(For the complete story, see tomorrow's print edition.)
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