Quick Facts
- To date: Over $52,000,000 has been collected through ESPLOST I, ESPLOST II, ESPLOST III, and ESPLOST IV
- 100% of collected proceeds have been used for school construction/ additions/ renovations, transportation, technology
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ESPLOST funds cannot be used for the day to day operations (ex. salaries) of the school system
Special Purpose Location Option Sales Tax
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 March 21, 2017, elections ballot.
DATE: January 8, 2017
EFFECTIVE: JANUARY 1, 2018
REVENUE
Projected Total Stephens SPLOST Receipts (5 years): $18,500,000
EXPENDITURES:
- Retirement of 2016 Bond Series that helped fund the renovation of the facilities, equipment upgrades, and infrastructure
- Repairing, renovating, extending and improving existing schools and facilities including agriculture and technical programs
- Acquisition and/or replacement of HVAC, system security, equipment and furnishings
- New buses to replace existing older models
SPLOST I TOTAL RECEIPTS: $15,252,937 COLLECTED
SPLOST II TOTAL RECEIPTS: $16,956,571 COLLECTED
SPLOST III TOTAL RECEIPTS: $16,983,594 COLLECTED
SPLOST IV TOTAL RECEIPTS: $15,847,661 COLLECTED TO DATE
