Tag: capital projects sales tax

Delaying RIDE III Vote

With the RIDE II capital project sales tax set to expire in May 2014, there does not appear to be enough support among Horry County Council members to immediately push for a RIDE III program.

This is a good idea.

For those of you who may not remember, or not have lived in Horry County in 2006, the process of establishing projects to be funded by a one cent local option sales tax (that’s what a capital project sales tax is) is not one that should be rushed.

Coast RTA vs. MBREDC Funding

While attending a meeting with several Coast RTA officials nearly a month ago, I was asked several times if I had an explanation for why funding from Horry County for Coast RTA is treated differently than funding for the Myrtle Beach Regional Economic Development Corporation.

I had no other answer than the potential political clout of MBREDC board members compared to that of Coast RTA board members.

In the current fiscal year budget, Coast RTA is budgeted to receive $1.055 million from Horry County with some questions remaining about the upcoming May 1, 2014 fourth quarter payment of approximately $263,000.