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Debt Service
 

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Prior to legislation allowing local school districts to pursue an SPLOST (Special-Purpose Local-Option Sales Tax), Fulton County Schools funded our capital programs by issuing bonds, taking on long-term debt and levying a debt service millage to make payments on the debt. This resulted in higher property taxes for Fulton County residents. If voters approve the SPLOST on the ballot on May 24th, 2016, the district will use a portion of these funds for retirement of outstanding general operating debt and the payment on construction bonds. As a result, Fulton County Schools will be general obligation debt-free at the end of Capital Plan 2022.