SPLOST III (Special Purpose Local Option Sales Tax)
Your tax dollars make a difference in our children's futureOn 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 June 30, 2010
| Budget | Expenditures | |
|---|---|---|
| Debt Retirement | $18,253,071.00 | $3,199,024.25 |
| Technology (Classroom) | $7,381,789.00 | $340,821.00 |
| Technology (Infrastructure and Administration) | $2,117,600.00 | $315,580.53 |
| Construction, Modifications and Renovations | $10,450,000.00 | $5,485,143.74 |
| School Security | $2,925,813.00 | $387,617.96 |
| Student Transportation | $1,106,500.00 | $0.00 |
| Driver Education Cars | $584,817.00 | $0.00 |
| Copy Machines | $792,500.00 | $0.00 |
| Legal and Administrative | $250,000.00 | $20,494.51 |
| Apply to Debt Retirement* | $15,163,305.00 | $0.00 |
| Totals | $ 59,025,395.00 | $ 9,748,681.99 |
*Additional bond debt retirement is pursuant to collection of all projected revenues and completion of proposed projects.
Last Updated: Aug 20, 2010