SPLOST -- or Special Purpose Local Option Sales Tax -- is a financing method for funding capital outlay projects in Georgia. In Fulton County, it is a 1% sales tax levied for the purpose of funding new or replacement schools, building additions, and renovations to existing facilities.
A large portion of the funds also is earmarked to address aging technology within schools and to support the district's personalized learning initiatives. SPLOST also is providing for the retirement of $60 million in outstanding general operating debt and other construction bonds.
The one-penny sales tax is expected to raise $930 million for Fulton County school improvements over a five-year period (2017-2022).