NOTICE OF SALES AND USE TAX FOR EDUCATIONAL PURPOSES ELECTION ON NOVEMBER 4, 2025 Pursuant to a resolution adopted by the Board of Education of Bulloch County (the "Board of Education"), the managing and controlling body of the Bulloch County School District (the "School District"), on August 14, 2025, and a call of election issued by the Bulloch County Board of Elections, as election superintendent (the "Election Superintendent"), notice is hereby given as follows: 1. On November 4, 2025, an election will be held in Bulloch County to submit to the qualified voters of Bulloch County the following question: ( ) YES ( ) NO 1% EDUCATIONAL SALES TAX Shall a one percent sales and use tax for educational purposes continue to be imposed in the Bulloch County School District for a period of time not to exceed five years and for the raising of not more than $175,000,000 for the purposes of (i) construction and equipping of a new Southeast Bulloch High School, including retrofitting and equipping the current feeder schools for new grade configurations; (ii) acquiring and equipping mobile classrooms and support facilities; (iii) acquisition and installation of technology infrastructure and equipment for instructional and support purposes; (iv) curriculum and instructional materials and software; (v) acquisition and installation of school nutrition equipment; (vi) renovations, repairs, additions, and improvements of existing school and support facilities; (vii) acquisition and equipping of school buses and other vehicles needed to transport students and support the transportation and maintenance fleet; (viii) acquisition of furniture and equipment; (ix) the acquisition of real and personal property for future facilities, (x) construction and equipping of two new school facilities for Pre-Kindergarten through Eighth Grade students; (xi) construction and equipping of a new multi-purpose facility at Statesboro High School; and (xii) construction and equipping of a new gymnasium facility at Portal Middle and High School? If imposition of the tax is approved by the voters, such vote shall also constitute approval of the issuance of general obligation debt of the Bulloch County School District in the principal amount of $120,000,000 for the above capital outlay purposes and for the payment of capitalized interest. 2. All qualified voters desiring to vote in favor of continuing to impose the one percent sales and use tax for educational purposes (the "Educational Sales Tax") shall vote "Yes" and all qualified voters opposed to levying the Educational Sales Tax shall vote "No." If more than one-half of the votes cast are in favor of continuing to impose the Educational Sales Tax, then such tax shall be imposed beginning upon the termination of the Educational Sales Tax presently in effect, and shall cease to be imposed on the earlier of (a) 20 calendar quarters after the tax is imposed (five years) or (b) as of the end of the calendar quarter during which the Commissioner of the Georgia Department of Revenue determines that the Educational Sales Tax will have raised revenues sufficient to provide to the net proceeds equal to or greater than the amount specified as the maximum amount of net proceeds to be raised by the Educational Sales Tax. 3. The estimated cost of the capital outlay projects to be funded with Educational Sales Tax proceeds, including interest and capitalized interest and cost of issuance on the general obligation debt to be incurred, is $175,000,000, which will constitute the maximum amount of net proceeds of the Educational Sales Tax to be received by the School District. To the extent available, the School District may combine available funds from the State of Georgia with proceeds from the Educational Sales Tax and the general obligation debt, and any other available funds, to pay the costs of the capital outlay projects. Plans and specifications for these projects have not been completed and bids have not been received. Depending upon acquisition and construction costs and available funds, the School District may establish or reestablish priorities and choose which capital outlay projects to undertake or not undertake, or to delay until additional funding is available, to the extent that proceeds of the Educational Sales Tax and the general obligation debt, together with other available funds actually received by the School District, are insufficient to complete any of the capital outlay projects. 4. If collection of such Educational Sales Tax is to be continued, the Board of Education may issue general obligation debt on behalf of the School District, in an aggregate principal amount not to exceed $120,000,000. The proceeds from such general obligation debt, if issued, shall be used to fund all or a portion of the capital outlay projects described in this Notice. The maximum rate or rates of interest on such debt shall not exceed 6.0% per annum. The maximum amount of principal to be paid in each year during the life of the debt shall be as follows: Year Principal Amount Maturing Year 1 $19,260,000 Year 2 21,455,000 Year 3 23,815,000 Year 4 26,365,000 Year 5 29,105,000 The Board of Education may issue aggregate general obligation debt which is less than $120,000,000 and reduce the principal amounts maturing in each year which are shown above. In the event that the Board of Education issues all or a portion of the general obligation debt as capital appreciation bonds the maturity amounts of such bonds together with the principal amount of any other general obligation debt issued by the Board of Education may exceed the maximum aggregate principal amount of general obligation debt set forth above, provided that the combined debt service on such capital appreciation bonds together with such other general obligation debt does not exceed amounts equal to the maximum principal amounts maturing in each year as shown above plus interest on such amounts at the maximum rate stated above. 5. Reference is hereby made to the Official Code of Georgia Annotated SS 36-82-1(d), which provides in part that any brochures, listings, or other advertisements issued by the Board of Education or by any other person, firm, corporation, or association with the knowledge and consent of the Board of Education shall be deemed to be a statement of intention of the Board of Education concerning the use of bond funds. 6. The last day to register to vote in the election is Monday, October 6, 2025. Anyone desiring to register may do so by applying in person at the voter registration office located in the Bulloch County Annex, 113 North Main Street, Suite 201, Statesboro, Georgia 30458, or by any other method authorized by the Georgia Election Code. 7. The election will be held on Tuesday, November 4, 2025. The polls will be open from 7:00 a.m. until 7:00 p.m. This 8th day of September, 2025. BULLOCH COUNTY BOARD OF ELECTIONS, as Election Superintendent s/Theresa Jackson Chairman s/William Daughtrey Vice Chairman s/Jim Benton Secretary 71776 10/30/25 RL