Schools
Sales Tax Collections On Target, Board of Education Told
Revenue collected during first year of the voter-approved sales tax was up nearly 14 percent over revenue collected in last year of old tax.
Oconee County Schools have collected nearly $7.9 million in the first year of the Education Local Option Sales Tax approved by voters in 2017, Saranna Charping, school chief financial officer, told the Board of Education on Monday.
Revenue collected from the sales tax between Jan. 1, 2018, and Dec. 31, 2018–the first year the tax was in place--was up 13.5 percent over revenue in the last year of the preceding tax referendum, according to the report Charping gave the Board.
The school system is projecting that the 2017 referendum for what is referred to as ELOST V will produce $39.9 million across its five years of collection, so the $7.9 million collected in the first year is on target.
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The tax is capped at $45 million.
For more on the story, with a video of the entire meeting as well as a separate video of the Recognitions section of the meeting, please go to Oconee County Observations.
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Pictured: Randy Dawson from Area Churches Together Serving (ACTS) speaking before the Board.
