BOE seeks additional SPLOST funds

After discussion at a special called meeting last Thursday, Barrow County school leaders voted to approve a resolution to place a referendum on the Nov. 4 ballot asking voters to approve a 2016 Special Purpose Local Option Sales Tax (SPLOST) to issue an additional $25,000,000 in new bonds.
If voters approve, the new tax, or SPLOST V, would add an additional one percent sales tax that would be used to pay bond debt first and build two new schools. Thursday’s discussion was an extension of the lengthy discussion about the proposed SPLOST at the July 29 meeting. Tom Owens, financial advisor with Raymond James & Associates, Inc., answered questions.
For the full story, see the Aug. 6 issue of the Barrow Journal.