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Debt Service
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Prior to legislation allowing local school districts to pursue a 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. With the passing of the SPLOST vote, the district will use a portion of SPLOST funds for retirement of outstanding general operating debt and payment on construction bonds. As a result, Fulton County Schools will be general obligation debt-free at the end of Capital Plan 2022.