The budget includes sufficient funds to support debt service necessary to fulfill commitments made by previous sessions of the General Assembly in authorizing additional bonded indebtedness and related offers of assistance to local school districts. Restricted Funds from the Emergency and Targeted Investment Fund in the amount of $8,453,400 are included to support debt service on previously issued bonds in fiscal year 2027.

The budget authorizes the School Facilities Construction Commission to make an additional $100,000,000 in new offers of assistance during the 2026-2028 biennium in anticipation of debt service availability during the 2028-2030 biennium.

New General Fund debt service in the amount of $1,503,000 in fiscal year 2027 and $3,006,000 in fiscal year 2028 is included to support new bonds authorized in the capital budget.

I ne Governor's budget directs unallocated bond funds from the School Facility Assistance Fund appropriated in the 2024-2026 biennial budget to Augusta Independent school system in the amount of $2,679,000 and to Marion County schools in the amount of $9,870,000 in fiscal year 2027 to supplement funding received in the 2024-26 budget needed to complete their capital projects.

The Governor's budget includes additional General Fund in the amount of $5,200 in fiscal year 2027 and $10,700 in fiscal year 2028 to fund a 2% salary increment in fiscal year 2027 and an additional 2% increment in fiscal year 2028.