Cities and counties are renegotiating the terms of a tax that almost every Georgian pays. All but a handful of Georgia counties have a penny sales tax called LOST. It goes into city and county budgets to offset property taxes. But every ten years, cities and counties have to renegotiate how the taxes are split up based on new Census data.
Georgia U.S. Senator Johnny Isakson says despite the theatrics of meetings, “a deal is possible” out of the debt reduction talks going on in Washington. On Thursday afternoon, key lawmakers and President Barack Obama were to head back for a fifth day of debt-limit negotiations.