|
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 FAQs
 Marietta City Schools Fact Sheet
SPLOST III Proposed Expenditures
|
Amount |
| Debt Retirement |
$18,253,071.00 |
| Technology (Classroom) |
$7,381,789.00 |
| Technology (Infrastructure and Administration) |
$2,117,600.00 |
| Construction, Modifications and Renovations (Includes repairs/updates to HVAC, Roofing, Paving) |
$10,450,000.00 |
| School Security |
$2,925,813.00 |
| Student Transportation (Buses, Depot equipment) |
$1,106,500.00 |
| Drivers Education Cars |
$584,817.00 |
| Copy Machines |
$792,500.00 |
| Legal and Administrative |
$250,000.00 |
| Apply to Debt Retirement * |
$15,163,305.00 |
| Total Proposed Expenditures |
$59,025,395.00 |
*Additional bond debt retirement is pursuant to collection of
all projected revenues and completion of proposed projects.
SPLOST III Working Timeline
Sept. 16, 2008 – SPLOST III Passes
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. MDJ Article»
June 17, 2008 - SPLOST III Resolution Joint Signing (Marietta and Cobb School Boards)
The Board of Education of the City of Marietta and the Cobb County Board of Education formally sign a resolution calling for a SPLOST III public referendum scheduled for Tuesday, Sept. 16, 2008. MDJ Article»
June 10, 2008 - SPLOST III Resolution Approved
The Board of Education of the City of Marietta, in a 6-0-1 vote, approved a five-year, $59 million plan for schools to be funded by an extension of the Special Purpose Local Option Sales Tax (SPLOST). The school board approved the plan as part of a resolution calling for a SPLOST III public referendum scheduled for Tuesday, Sept. 16, 2008.
May 20, 2008 - Preliminary SPLOST III Project List (Proposed Expenditures)
The school board approved the preliminary SPLOST III project list. The list was used to develop the resolution calling for a SPLOST III public referendum.
May 13, 2008 - Preliminary SPLOST III Project List (Proposed Expenditures)
This item was placed on the May 20, 2008, Board of Education of the City of Marietta Discussion Agenda. This list will be used to develop the resolution calling for a SPLOST III public referendum. |
