The Bulloch County Board of Education voted earlier this month to issue $40 million worth of bonds to finance projects under the sales tax extension voters approved last November. With the referendum extending the Education Special Purpose Local Option Sales Tax, or ESPLOST, for five years, voters also authorized up to $40 million of public debt to be repaid from the $51 million or more in expected revenue. Right now, the existing 1 percent tax is paying off projects authorized under the previous five-year referendum, which expires Dec. 31.