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No matter what, the Capital Projects Sales Tax will end in 7 years. The projects listed are in priority order. Any work not funded at the end of 7 years will not be completed. Other funding sources would have to be identified.
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Since the tax for the 1997 and 2003 Programs has expired, the tax for the 2011 Program is now being collected. The 2011 tax will be collected for no more than 7 years and is currently set to expire on April 30, 2018. If the Pennies 4 Program is approved by the voters, collections will begin on May 1, 2018 and expire on April 30, 2025.
The law that governs the Capital Projects Sales and Use Tax requires the tax remain for a specific period of time. In the event the revenues for this predetermined time period exceed that estimated revenues for the program the excess funding would first be used to complete projects from the sales tax program.
If there is still money left, the second option for the excess funding will be to fund projects from any new sales tax programs that may have been implemented. If there is still excess funding after these options, it will go towards the County's general fund.
A citizen’s commission made up of residents from Clover/Lake Wylie, Fort Mill/Tega Cay, Rock Hill and York develope the proposed list of projects.
Anyone purchasing goods in York County will help fund the road work. A significant portion of the money will come from people who live outside York County. People from other places who visit, work or purchase goods and services in York County will help to contribute money to county roads through the tax.
In the Pennies 3 Program a change in the state law exempted non-prepared foods from the 1% sales tax.