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Continuation of E-SPLOST. For the Boys and Girls of Appling County . E-SPLOST. E = Education S = Special Purpose L = Local O = Option S = Sales T = Tax (E-SPLOST). Rate and Length. Rate shall be 1 (one) percent Length shall not exceed 5 (five) years. Past Completed Projects .
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Continuation of E-SPLOST For the Boys and Girls of Appling County
E-SPLOST • E = Education • S = Special Purpose • L = Local • O = Option • S = Sales • T = Tax • (E-SPLOST)
Rate and Length • Rate shall be 1 (one) percent • Length shall not exceed 5 (five) years
Past Completed Projects • E-SPLOST III
ACHS Track Parking, High School Track, Highway #1 Road Connection
E-SPLOST III • Cap on E-SPLOST III was $20 million • Pay as You Go Method Utilized & will also be the same for Proposed E-SPLOST IV which will allow for savings in interest
Proposed Projects • E–SPLOST IV
Proposed E-SPLOST March 6, 2012 • Shall a special one percent sales and use tax for educational purposes continue to be imposed in Appling County for a period of not to exceed (20) calendar quarters (5 years) and for the purpose of raising not more than $20,000,000 of net proceeds buy said tax, which shall go to the School District for the purpose of (i) acquiring technology improvements, including safety and security improvements, computer technology, hardware and software; (ii) adding to, renovating, repairing, improving, furnishing, and equipping existing school buildings and other buildings and facilities useful and desirable in connection therewith, including, but not limited to, physical education/athletic facilities, roofing, HVAC, electrical and technology infrastructures, paving, covered walkways and gymnasiums; (iii) acquiring new school equipment; including, but not limited to, new buses, transportation, maintenance, and school vehicles and
E-SPLOST Referendum (continued) (iv) acquiring, constructing and equipping new storage facilities and other facilities; (v) acquiring textbooks and instructional materials and equipment; (vi) acquiring any necessary or desirable property, both real and personal, the maximum amount of the projects to be paid with sales and use tax proceeds shall be one-half of the total net tax proceeds collected.
Appling County School System Technology-Phase in 21st Century Technology
Property Tax Equivalent • What will the E-SPLOST save local property taxpayers? • 1 BOE mill in 2011 = $674,096 • $20 million (over 5 years) divided by $674,096 per year = 5.93 mills • 15.00 current millage + 5.93 mills = 20.93 • A 39.53% increase in property taxes would be needed to raise 20.93 mills (max is 20 mills) • And/or a bond referendum would be needed
Thank You! …to our friends and neighboring counties for supporting Appling County Schools.