E-SPLOST V

A Special Purpose Local Option Sales Tax (SPLOST) for Education (E-SPLOST) is a countywide, one-cent (penny) tax on all consumer goods that must be approved by voters in a referendum and is in effect for five years. A sales tax is based on consumption and is shared by all consumers. Estimates show that up to 30% of these funds are paid by non-Cobb County residents. If approved by voters, E-SPLOST is expected to collect $62.486M for Marietta City Schools (MCS) to construct, renovate, and revitalize aging school facilities district wide to ensure a well-maintained and secure learning environment for students and staff at all campuses; and, keep pace with rapidly changing technology for student learning.

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How Will The Money Be Used?

	Budget
Construction, Modifications and Renovations	$36,986,000
Technology (Classroom)	$9,500,000
Technology (Infrastructure and Administration)	$8,000,000
Student Transportation	$4,050,000
Safety and Security	$550,000
Instructional Materials/Equipment	$2,850,000
Copy Machines	$400,000
Planning, Legal and Administrative	$150,000
Total Proposed Expenditures	$ 62,486,000.00

Referendum date:	March 21, 2017
Effective date:	January 1, 2019
Expiration date:	December 31, 2023
Projected total Marietta City Schools revenue:	$62,486,000