Sunday, November 17, 2019

Oconee County Board Of Education Reassured About ELOST Collections And Bond Payments

***Revenues Suggest Surplus Likely***

Oconee County Schools and the Board of Education have shifted their attention from spending money from the current Education Local Option Sales Tax to making sure that the revenue the tax produces in its remaining months will be sufficient to pay back the bonds sold against that revenue.

At the regular meeting of the Board of Education on Monday, Saranna Charping, chief financial officer for Oconee County Schools, told the Board that spending on the budgeted projects for the current Education Local Option Sales Tax, or ELOST V, is nearly complete.