Since 1996, school systems in Georgia have been allowed to place a referendum before taxpayers for an Education Special Purpose Local Option Sales Tax (E-SPLOST or SPLOST) that has enabled school districts across the state to build and renovate schools, upgrade technology and reduce long-term debt without adding additional tax burden to the local system's property tax owners.
The Stephens County Board of Education has called for a referendum for citizens to consider the continuation of a SPLOST for education (E-SPLOST). The question will be on the November 8, 2011, elections ballot.
SPLOST IV REFERENDUM
DATE: NOVEMBER 8, 2011
EFFECTIVE: JANUARY 1, 2013
REVENUE
Projected Total Stephens SPLOST Receipts (5 years): $18,500,000
EXPENDITURES:
- Retirement of 2008/2009 Bond Series that helped fund the construction and renovation of the new SCHS, technology upgrades, and new buses.
- Retirement of the Quality School Construction Bonds that funded new roofs and other improvements at Big A Elementary, Toccoa Elementary, and Eastanollee Elementary.
- Updating technology equipment
- New buses to replace existing ones
- Acquisition and/or replacement of system security, equipment and furnishings
- Repairing, renovating, extending and improving existing schools and facilities
SPLOST I TOTAL RECEIPTS: $15,252,937 COLLECTED
SPLOST II TOTAL RECEIPTS: $16,956,571 COLLECTED
SPLOST III TOTAL RECEIPTS: $12,020,937 COLLECTED TO DATE
