On February 5, Gwinnett County voters will be asked to authorize the Board of Education to sell $750 million in General Obligation Bonds for new schools and school improvements
The bonds will be repaid from property taxes collected under the current millage rate -- without raising taxes.
What General Obligation Bonds will fund:
- 8 new schools
- 10 school additions
- A total of 520 new classrooms
- Technology upgrades that will improve instruction and enhance communications between homes and schools
- Land for future schools
- Infrastructure improvements system-wide
Why General Obligation Bonds are needed:
- Gwinnett County Public Schools is the state's largest school system with more than 155,000 students. School enrollment is growing dramatically --- by about 4,000 additional students in 2007. Our growth will continue for many years to come.
- The 2006 extension of the Special Purpose Local Option Sales Tax (SPLOST) provides funding for school improvements through 2009. The proposed General Obligation Bonds will enable us to meet Phase II of our classroom and technology needs -- helping to move students out of trailers and maintain our commitment to a quality education.
- Without voter approval of the General Obligation Bond referendum, construction will stop. There will be a two-year gap during which the school system will not have the funds needed for any projects until 2012.
Vote "yes" to authorize General Obligation Bonds on February 5
because in Gwinnett County, "GWINNETT KIDS COUNT!"
