The SPLOST III is expected to bring in $88.9 million during its five years.
Floyd County Schools will receive 66 percent of the SPLOST III funds, or $58.7 million. The biggest project planned for the system is a new Model High School at a cost of $28 million.
Were really excited about Model High School, which will be our flagship project, said Floyd Superintendent Lynn Plunkett. It was much needed and I really appreciate the community support weve gotten on that project.
Rome City Schools will get approximately $30.2 million, or 34 percent of collections from SPLOST III. The largest planned project is a new Anna K. Davie Elementary School that will cost an estimated $6 million to build.
When were finished with our projects, they are paid for, there are no loans and no mortgages, said Plunkett.
Project highlights completed using the second special purpose, local option sales tax include the new Pepperell High School for Floyd County schools and a slew of renovations and classroom additions for Rome.
It was projected SPLOST II would bring in $75 million in revenue, $48.8 million for Floyd County and $26.3 million for Rome. Although collections for that tax ended Tuesday, money will come trickling in during the next two months. School officials are optimistic that the $75 million figure will be topped.
For both school systems the main projects slated under SPLOST II have been completed, but receipts from SPLOST II collections will continue to come in until May. A few smaller projects, like new HVAC systems, will continue to be finished in the next few months.
Without SPLOST dollars we would be coming back and requesting funds from the city, which would inevitably create a raise in local taxes, said Rome Superintendent Gayland Cooper.
SPLOST is a very practical way for financing the additional classrooms needed in the Rome City schools.
Click to see the previous report "Schools already planning SPLOST projects."