General Obligation Bonds and 1% Sales and Use Tax
For Educational Purposes (ESPLOST)
(Vote for One)
Shall $30,000,000 in aggregate principal amount of Newton County School District General Obligation Bonds be authorized to be issued for the purpose of providing funds to pay a portion of the costs of the capital outlay projects described in clause (1)(a) set forth below, to pay capitalized interest incident thereto, and to pay expenses incident to accomplishing the foregoing, and, in order to raise funds to pay a portion of the debt service on such bonds and the remaining costs of such capital outlay projects and to raise funds for the purposes set forth in clauses (1)(b) and (2) below, shall a one percent sales and use tax for educational purposes of the Newton County School District (the “Newton District”) and the School District of the City of Social Circle (the “Social Circle District”) be reimposed within Newton County, upon the termination of the one percent sales and use tax for educational purposes presently in effect, for a maximum period of time of 20 calendar quarters, for the purposes of providing funds to pay (1) for the Newton District, (a) the costs of acquiring, constructing, and equipping safety and security upgrades to existing buildings and facilities; adding to, renovating, repairing, improving, and equipping existing school buildings, athletic facilities at existing high schools and middle schools, and other buildings and facilities useful or desirable in connection therewith; acquiring school buses, other vehicles, and related transportation equipment, safety and security equipment, and athletic, vocational, and fine arts equipment; acquiring instructional and administrative technology and communications improvements; acquiring land for future schools; and acquiring any necessary property therefor, both real and personal, all at a maximum cost of $112,300,000, and (b) the costs of retiring a portion of the Newton District’s General Obligation Bond, Series 2018, or bonds issued by the Newton District to refund such bond, by paying or making provision for the payment of the principal of and interest on such bonds coming due on April 1, 2025 through April 1, 2030, in the maximum amount of $38,401,726; and (2) for the Social Circle District, the cost of adding to, renovating, repairing, improving, and equipping existing school buildings and other buildings and facilities useful or desirable in connection therewith; acquiring school buses and other vehicles, system-wide technology improvements, and fine arts equipment; and acquiring any necessary property therefor, both real and personal, all at a maximum cost of $300,000?