Gwinnett County Board of Education and City of Buford Board of Education SPLOST Referendum - E-SPLOST

Shall the special one percent sales and use tax currently imposed in Gwinnett County be continued upon the expiration of the current sales and use tax, for not longer than 20 calendar quarters to raise an estimated $1,473,536,783 for the purpose of funding the following projects: For Gwinnett County School District: (A) Renovating, renewing, equipping, modernizing, improving safety of, reconfiguring, and/or making additions to existing schools, support facilities and athletic facilities; (B) renewing and modernizing technology and making system-wide technology improvements in the Gwinnett School District; (C) acquiring and developing sites for, constructing, and equipping new schools, school additions, support facilities and athletic facilities; (D) purchasing school buses, school police, and other transportation vehicles; (E) making existing lease/purchase payments with respect to the acquisition of new and existing schools and support facilities; and (F) acquiring instructional materials, software and textbooks, (collectively, the “Gwinnett Projects”), at a total cost of approximately $1,438,742,358; and For the City of Buford School District: (A) acquiring land for the construction of new schools, support facilities and athletic facilities and the expansion of existing schools, support facilities and athletic facilities; (B) developing and constructing new schools, support facilities and athletic facilities, (C) purchasing school buses and other transportation vehicles; (D) making existing lease/purchase payments with respect to the acquisition of new and existing schools and support facilities; (E) modernizing technology and making system-wide technology improvements; (F) acquiring digital instructional materials, software and textbooks; and (G) retiring previously issued bonded indebtedness, at a total cost of approximately $34,794,425. If continuation of the tax is approved by the voters, such vote shall also constitute approval of the issuance of general obligation debt of the Gwinnett County School District in a principal amount not to exceed $300,000,000 for the purpose of funding all or a portion of the Gwinnett Projects.