FINANCIAL_SERVICESAPPROVED

City of Locust Grove Awards Financial Services Contract to City of Mcdonough (July 2026)

Through an Intergovernmental Agreement approved by Locust Grove, the City of McDonough joins Henry County’s proposed 1% Floating Local Option Sales Tax for property tax reduction and will receive 13% of net proceeds. The five-year tax will take effect in 2027 if approved by voters in November 2026.

Document date · July 6, 2026

Track City of Locust Grove contracts

Get alerts when new contracts are awarded or existing ones approach renewal at City of Locust Grove.

Get started free

Create a free account · no credit card

Trusted by teams at

Motive logo
Veritone logo
TerraCycle logo
Cyvl logo
WithersRavenel logo
Derivita logo
Comcate logo
SafeTouch logo
IANS Research logo
Motive logo
Veritone logo
TerraCycle logo
Cyvl logo
WithersRavenel logo
Derivita logo
Comcate logo
SafeTouch logo
IANS Research logo
Motive logo
Veritone logo
TerraCycle logo
Cyvl logo
WithersRavenel logo
Derivita logo
Comcate logo
SafeTouch logo
IANS Research logo
Motive logo
Veritone logo
TerraCycle logo
Cyvl logo
WithersRavenel logo
Derivita logo
Comcate logo
SafeTouch logo
IANS Research logo

Scope & details

The full contract record, as filed.

Contract amount
1% sales and use tax; share of proceeds 13.00% of net FLOST collections over approximately five years
Contract type
FINANCIAL_SERVICES
Contract term
Expected January 1, 2027 – December 31, 2032 (five-year FLOST period, with renewal provisions)
Renewal date
2032-12-31
Renewal
Agreement contemplates a five-year FLOST term beginning in 2027 with automatic renewal tied to the County’s call for renewal, absent written objection from any party within 10 days. Future allocations will be recalculated using the Exhibit A formula with updated census and net M&O digest figures.
Document type
AgendaPacket
Source document
City of Locust Grove Agenda Packet 2026-07-06

Related contracts

Other contracts from City of Mcdonough.

View all →

Frequently asked questions

Common questions about this contract, answered from the record.

Who was awarded the financial services contract by City of Locust Grove?

City of Mcdonough was awarded this financial services contract by City of Locust Grove, as recorded on July 6, 2026. The contract value is 1% sales and use tax; share of proceeds 13.00% of net FLOST collections over approximately five years.

How much is the City of Mcdonough contract with City of Locust Grove worth?

The City of Mcdonough contract with City of Locust Grove is valued at 1% sales and use tax; share of proceeds 13.00% of net FLOST collections over approximately five years, covering financial services work.

What type of contract is this?

This is a Financial Services contract, documented as a agendapacket record.

Where was this contract approved?

This contract appears in City of Locust Grove Agenda Packet 2026-07-06 (AgendaPacket), dated July 6, 2026 from City of Locust Grove. Civic IQ extracts contract records directly from agency meeting documents and solicitations.

What other contracts does City of Mcdonough hold?

City of Mcdonough may hold additional government contracts. View their full contract history, the agencies they serve, and total tracked spend on their Civic IQ vendor profile.

View City of Mcdonough's profile

What is City of Locust Grove currently buying?

Explore City of Locust Grove's vendors, signed contracts, and active RFPs on their Civic IQ agency profile.

View City of Locust Grove's profile