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Funding Options
 
 

 

 
Although the Board determines how Fulton County Schools will spend funds on capital improvements, the voters decide how the district will fund these improvements. There are three options for funding school system capital plans. 

 
Levy Maintenance and Operation Millage
  • ​Levy average of 5.993 mill increase
  • $250,000 home value impact = An average increase of $599 per year in property taxes
Issue General Obligation Bonds
  • Millage rates would increase by 1.9 mills for first 5 years and 1.54 mills for the next 15 years
  • $250,000 home value impact = An average increase of $190 per year in property taxes for the first 5 years, $154 for subsequent 15 years
  • ​Levy debt service millage to make payments on general obligation bonds
    • Tax payers incur $311,000,000 in interest and origination fees over the term of the loan​
SPLOST / Penny Sales Tax
  • ​​Pay-as-we-go - no long term debt is incurred
  • All share in the costs, including visitors to the City of Atlanta and Fulton County
  • No impact on millage rates
  • Continuation of the current funding formula