Georgia – Richmond Hill estimates 20-25 % Dip in Sales Tax Due to COVID-19

Like many cities, Richmond Hill is feeling the effects of the COVID-19 pandemic. The city relies heavily on people coming in and out of the city not only that but they rely on money being spent within city limits. With much of that spending now limited, it’s affecting the city’s overall revenue.

City manager Chris Lovell says they have pushed back any unnecessary purchases that would come from their SPLOST fund.

He says though they’re working through the challenges the pandemic has brought, it’s too early to tell where they WOULD’VE been if it never even happened. Lovell says roughly only 20 percent of their budget independent on property taxes, so a dip and loss in SPLOST is going to be much more hurtful than a slight dip in property tax.

For more Information: WTOC11

April 20, 2020