SAVANNAH, Ga. (WSAV) — Savannah City Council approved a Local Option Sales Tax (LOST) offer Thursday afternoon. The offer will be sent to the Chatham County Commission for consideration, the city said.

“Do the just thing. Do the fair thing,” Savannah Mayor Van Johnson said during the council meeting on Thursday. “Do the right thing for all of Chatham County citizens.”

If the eight cities and Chatham County reach a deal, Chatham County’s share of LOST funds will increase from 24% in year one to 31% in year five. The city projects the 10-year deal would bring the county an additional $105 million.

“We understood the needs the County is facing with regard to countywide services and this offer exemplifies the willingness of the municipalities to be good partners while allowing time for municipalities to adjust to a significant change in LOST distribution,” Johnson said in a written statement.

The city of Savannah provided a breakdown of the offer below:

YearCounty shareMunicipal share
202324%76%
202426%74%
202527%73%
202629%71%
202731%69%
202831%69%
202931%69%
203031%69%
203131%69%
203231%69%

“We began LOST negotiations six months ago 430 total percentage points away from one another and today we stand only 7 percentage points apart,” said City Manager Joseph A. Melder. “Time is running out and we must reach an agreement as soon as possible.”