The debate heats up over Florence's Penny Sales Tax - WMBFNews.com, Myrtle Beach/Florence SC, Weather

Debate heats up over Florence's Penny Sales Tax

FLORENCE, SC (WMBF) - Senator Hugh Leatherman said if the Capital Sales Referendum passes, your property taxes will go up, but county leaders say the capital sales project will do just the opposite.

"People talk to me and say senator we don't need more taxes on our property, don't put anymore property tax on our property," said Senator Hugh Leatherman.

Senator Leatherman said Tuesday he will not be voting in favor of Florence's penny sales tax.

"I will not vote for the Penny Sales Tax and the reason I will not do that. My analysis shows that county council will have to put about $16.9 million in taxes on our people," said Leatherman.

Leatherman said according to his research, if the penny tax passes there will not be enough funding collected in seven years to pay for the $145 million in projects currently listed on the referendum.

Leatherman said because of that shortage tax payers will be faced with higher taxes to pay for finishing the projects.

"I chaired the bond committee in Columbia for 13 years; every state bond that is issued I have to pass judgment on it. I know how to calculate whether or not money is going to pay for bonds and this one will not," said Senator Leatherman.

Florence County Chairman James Schofield disagrees with Leatherman. He believes the tax would generate enough revenue to cover those projects.

"This is a letter from the budget and control board that Mr. Leatherman sits on and it's from Mr. Frank Rainwater who is the chief economist for the state of South Carolina," said James Schofield

In that letter sent June 6 of this year, the state's Chief Economist predicts that if this Penny Sales Tax passes, it will raise more than $21 million in just one year.

"If you take that number and multiply it by seven and then you take the page back here where it says it has grown by 1.52 percent each year on average you will find that it will raise just shy of $155 million," said Schofield.

Both the senator and the county chair did agree on one thing. Come Election Day, the people of Florence County will decide the fate of the Penny Sales Tax.

Copyright 2013 WMBF News. All rights reserved.

  • Local NewsLocalMore>>

  • BCSO searching for suspect who robbed gas station

    BCSO searching for suspect who robbed gas station

    Saturday, February 17 2018 9:46 PM EST2018-02-18 02:46:19 GMT
    (Source: BCSO)(Source: BCSO)
    BRUNSWICK COUNTY, NC (WMBF) – Brunswick County Sheriff’s Office is looking to identify a suspect who robbed a BP gas station Saturday night, according to a release. The suspect robbed the gas station at 5053 Southport-Supply Road in Southport around 8:30 Saturday night. The suspect is described as a white male, approximately 6’0” tall, wearing a short sleeve, dark blue t-shirt, tan pants, and a camouflage beanie. He also has a beard or facial hair.  No ...More >>
    BRUNSWICK COUNTY, NC (WMBF) – Brunswick County Sheriff’s Office is looking to identify a suspect who robbed a BP gas station Saturday night, according to a release. The suspect robbed the gas station at 5053 Southport-Supply Road in Southport around 8:30 Saturday night. The suspect is described as a white male, approximately 6’0” tall, wearing a short sleeve, dark blue t-shirt, tan pants, and a camouflage beanie. He also has a beard or facial hair.  No ...More >>
  • CCU holds vigil to honor Florida shooting victims

    CCU holds vigil to honor Florida shooting victims

    Saturday, February 17 2018 9:39 PM EST2018-02-18 02:39:52 GMT
    CCU student light candles and pray (Source WMBF News)CCU student light candles and pray (Source WMBF News)

    Educators of the future are taking a stand, following a vigil held on the camps of Coastal Carolina University honoring the 17 lives lost in a Florida shooting. CCU students Tyler Bealmear and Kaycelyn Laymon have a love and passion for children and education, their hearts broken by the tragedy, but each refusing to let situations like these continue. 

    More >>

    Educators of the future are taking a stand, following a vigil held on the camps of Coastal Carolina University honoring the 17 lives lost in a Florida shooting. CCU students Tyler Bealmear and Kaycelyn Laymon have a love and passion for children and education, their hearts broken by the tragedy, but each refusing to let situations like these continue. 

    More >>
  • Candlelight vigil held at The Market Common to remember Florida school shooting victims

    Candlelight vigil held at The Market Common to remember Florida school shooting victims

    Saturday, February 17 2018 5:31 PM EST2018-02-17 22:31:21 GMT
    (Source: Ian Klein)(Source: Ian Klein)

    A local group is hosting a candlelight vigil Friday night in The Market Common to remember the 17 victims of Wednesday’s school shooting in Parkland, Fla.

    More >>

    A local group is hosting a candlelight vigil Friday night in The Market Common to remember the 17 victims of Wednesday’s school shooting in Parkland, Fla.

    More >>
Powered by Frankly