Education Special Purpose Local Option

Sales Tax Continuation

Dawson County School SystemNovember 4, 2014

E-SPLOST IV

Currently set to run until 3/2016

As of October 2014, we are $1,501,392 ahead of projected collections

Only two options for having a referendum in 2015March & November

Current collection trends necessitate a March referendum.

Referendum Schedule

Approval of Referendum by Board of Education November 10, 2014

Submit ballot question to ballot builders (currently at Kennesaw State University) for statewide election Week of December 22, 2014

Publish notice in local newspaper Weeks of 2/9/15, 2/16/15, 2/23/15, 3/2/15, 3/9/15

E-SPLOST referendum held – March 17, 2015

School Board meets to confirm, declare and approve election results (5 days or later after the election date) Called meeting week of March 30, 2015

Possible E-SPLOST V Revenue

Year 1 $6,739,200

Year 2 $7,008,768

Year 3 $7,289,124

Year 4 $7,580,688

Year 5 $7,884,220

$36,502,000 Total Projected Revenue

NOTE: Based on 4% annual growth

Purposes of Sales Tax

1. Adding to, renovating, repairing, improving, and equipping existing school buildings and school system facilities.

2. Acquiring and/or improving land for school system facilities.

3. Acquiring miscellaneous new equipment, fixtures and furnishings for the school system, including technology equipment, tablets and laptops, and safety and security equipment.

4. Acquiring school buses and other vehicles, transportation and maintenance equipment.

5. Acquiring books, digital resources, and other media for the school system.

6. Constructing and equipping new classroom space including a performing arts center at Dawson County High School.

E-SPLOST V Budget Categories

$13,000,000 DCHS Performing Arts Center / Renovation

$8,200,000 Technology Upgrades

$9,537,000 Facility Upgrades

$2,065,000 Transportation Upgrades/Bus Replacement

$3,000,000 Land

$200,000 Large Band Equipment

$500,000 Media collection including electronic media

$36,502,000 Total Budget