Presentation on theme: "For the Boys and Girls of Appling County. E = Education S = Special Purpose L = Local O = Option S = Sales T = Tax (E-SPLOST)"— Presentation transcript:
For the Boys and Girls of Appling County
E = Education S = Special Purpose L = Local O = Option S = Sales T = Tax (E-SPLOST)
Rate shall be 1 (one) percent Length shall not exceed 5 (five) years
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
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
(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.
AltamahaBalance of Altamaha Renovations/ Gym/ Construction Projects $2,280,000 High SchoolSchool and Stadium Renovation and Upgrades/Additions $3,275,060 Elementary ComplexRenovations and Modifications Beyond Present Projects; Balance of HVAC; Roof $3,396,084
Middle SchoolRenovations Beyond Present Projects HVAC Replacement, interior renovations roof improvements $1,939,710 Bus Maintenance/Board Office New Bus Maintenance Facility & Board Office Upgrades $434,000 CONSTRUCTION SUBTOTALS $11,324,854
TechnologyReplacement and Upgrades of Technology, Phase in 21 st Century Technology $4,302,665 Transportation/Rolling Stock Buses, transportation, maintenance, and school vehicles $1,500,000 TextbooksAcquisition of Textbooks Includes Digital Textbooks and Hard Backs $1,878,887 TECH, TRANS, & TEXT SUB TOTALS $7,681,552 OVERALL TOTALS$19,006,406
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
…to our friends and neighboring counties for supporting Appling County Schools.