SPLOST III (Special Purpose Local Option Sales Tax)Your tax dollars make a difference in our children's future
On Sept. 16, 2008, voters in the City of Marietta and throughout Cobb County approved the SPLOST renewal in a special election by a vote of 21,859 (a 60.8 percent approval rating). The third SPLOST term runs from Jan. 1, 2009 through Dec. 31, 2013, and is expected to collect $797.6 million for the Cobb School District and $59 million for Marietta City Schools.
SPLOST is a countywide, one-cent tax on all consumer goods that must be approved by voters in a referendum and is in effect for five years. The first education SPLOST, approved in 1998, collected $529.9 million for Cobb and $38.8 million for Marietta. On September 13, 2003, voters in the City of Marietta and throughout Cobb County overwhelming supported the SPLOST renewal, passing the measure with a nearly 80 percent approval rating. The second SPLOST term runs from January 1, 2004 through December 31, 2008. SPLOST II is expected to collect $636.5 million for Cobb and $47 million for Marietta. The third SPLOST term runs from Jan. 1, 2009 through Dec. 31, 2013, and is expected to collect $59 million for Marietta City Schools.
SPLOST III Budget/Expenditures thru January 31, 2014
|Technology (Infrastructure and Administration)||$2,117,600.00||$2,242,072.39|
|Construction, Modifications and Renovations||$10,450,000.00||$9,103,501.37|
|Driver Education Cars||$584,817.00||$0.00|
|Legal and Administrative||$250,000.00||$28,509.71|
|Apply to Debt Retirement*||$15,163,305.00||$0.00|
|Totals||$ 59,025,395.00||$ 38,183,054.62|
*Additional bond debt retirement is pursuant to collection of all projected revenues and completion of proposed projects.
Last Updated: Feb 24, 2014