Local Option Sales Tax (LOST) Regional Training-Albany
With the release of the 2020 Census data, Cities can expect Counties to issue the notice to commence negotiations, no later than July 1, 2022, for the re-distribution of Local Option Sales Tax (LOST) between the Cities and the County. It is essential for all parties to seek and achieve a fair and equitable LOST distribution for their citizens. This training will be provided by a panel of GMA staff and guest speakers who are experienced in and actively preparing for the upcoming LOST re-negotiations. The presenters will provide an overview of LOST, review of negotiation criteria, negotiations requirements and tips, lessons learned from past negotiations, dispute resolution options, and best practices.