• SPLOST6
    November 2, 2021
     
    The 1% Special Purpose Local Option Sales Tax (SPLOST) for Schools is an opportunity for Forsyth County voters to continue the current sales tax (projected to expire March 2022, hence why this is on the November ballot) for another five-year period or when a cap of $300 million is collected in order to:
     
    • Continue to make payments on voter-approved Bonds ($50 million)
    • Complete maintenance and life cycle projects at existing schools
    • Build one new elementary school (Replacement/larger school for Midway, built in 1961)
    • Fund safety, STEM, fine arts, CTAE/College and Career Development, special education, technology, transportation, and athletics
    • Purchase land
     
    If SPLOST is approved by voters:
    • Funds would be available in 2022
    • If growth remains the same, FCS does not anticipate the need for a Bond in the next five years.
    • If SPLOST revenues continue to come in steady, FCS anticipates being able to lower the Bond millage rate over time as previous Bond commitments are paid down.
     
    If SPLOST is not approved by voters:
    • The BOE will have to increase property taxes in order to make the Bond payments.
    • The projects listed above may not be completed.
    • The next opportunity to place SPLOST on the ballot would be May 2022, meaning collections would be lost between March and May.