Voters approve SPLOST; commissioners adopt resolution to back $4.3 million school bonds if sales tax revenue falls short
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Summary
After a Sept. 19 SPLOST referendum authorizing a one‑percent special sales tax, the Dooly County Commission adopted a resolution required by state constitution enabling issuance of $4.3 million in school bonding; the resolution conditions an annual property tax levy only if SPLOST proceeds are insufficient.
Dooly County residents approved a Special Purpose Local Option Sales Tax (SPLOST) referendum on Sept. 19, 2000 to fund school construction and renovations. To ensure there would be no shortfall during the SPLOST collection period, the Board of Education sought authority to issue General Obligation Sales Tax Bonds.
On Nov. 13 the commissioners unanimously adopted a resolution at the Board of Education’s request that provides for an annual property tax assessment in the event SPLOST receipts are insufficient to meet debt service on $4,300,000 of Dooly County School District General Obligation Sales Tax Bonds, Series 2000. The minutes attach a debt service schedule showing principal and interest amounts and dates through Feb. 1, 2006. The resolution states the county’s levy would be assessed only to the extent SPLOST proceeds fail to pay scheduled debt service.
The Board’s action was taken as part of the procedural and constitutional requirements for issuing revenue‑backed school bonds tied to a voter‑approved sales tax. The action does not itself increase county taxes immediately but establishes the county’s contingent legal authority to levy property tax for debt service if federal or state receipts or SPLOST collections are inadequate.