SPLOST III (Special Purpose Local Option Sales Tax)
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 June 2016
Budget Expenditures Debt Retirement $18,253,071.00 $18,319,699.25 Technology (Classroom) $7,381,789.00 $7,033,144.29 Technology (Infrastructure and Administration) $2,117,600.00 $2,398,535.14 Construction, Modifications and Renovations $10,450,000.00 $10,607,523.87 School Security $2,925,813.00 $1,640,620.64 Student Transportation $1,106,500.00 $1,097,195.33 Driver Education Cars $584,817.00 $0.00 Copy Machines $792,500.00 $792,500.00 Legal and Administrative $250,000.00 $34,509.71 Apply to Debt Retirement* $15,163,305.00 $0.00 Totals $59,025,395.00 $41,923,728.23