Agenda Item
iii. Approval of the E-SPLOST VI Project List (updated 08.05.2022)
Summary: Presented by: Mr. Richard Boyd, Interim Chief Operating Officer, Division of Operations
Request: It is requested that the Board of Education approve the initial E-SPLOST VI project list.
Why: The E-SPLOST VI program will allow the District to continue to address major capital needs such as constructing new schools, major facility renovations, and the purchase of capital equipment such as busses and new technology. The initial E-SPLOST VI project list is required to begin work on E-SPLOST VI projects.
Details: The E-SPLOST VI program is a continuation of a series of E-SPLOST programs that have given this District access to billions of dollars over the past 25 years to address major capital needs such as building new schools, additions, renovations, and the purchase of capital equipment. The E-SPLOST program is based on the one penny sales tax which is approved every five years by voter referendum.
The E-SPLOST VI E-SPLOST sales tax was approved by DeKalb County Voters on November 2, 2021, with an over 80% approval rating.
The Initial E-SPLOST VI project list will allow the District to continue to address major capital needs such as constructing new schools, major facility renovations, and the purchase of capital equipment such as busses and new technology.
Financial impact: The E-SPLOST VI program will have an initial budget of $700,000,000 based on a conservative estimate of sales tax returns from July 2022 through June 2027.
Contact: Mr. Richard Boyd, Interim Chief Operating Officer, Division of Operations, 678.676.1483
Mr. Hans Williams, Director, Planning & E-SPLOST Programming, Division of Operations, 678.676.1588
Effective: Upon board approval.
Status: Approved by General Counsel.
CHRONOLOGY OF THE AGENDA ITEM
The E-SPLOST VI E-SPLOST sales tax was approved by DeKalb County Voters on
November 2, 2021, with an over 80% approval rating.
The Initial E-SPLOST VI project list will allow the District to continue to address major
capital needs such as constructing new schools, major facility renovations, and the
purchase of capital equipment such as busses and new technology.