SPLOST IV (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 IV Budget/Expenditures thru December 2016
Budget Expenditures Debt Retirement $15,234,750.00 $6,333,625.00 Technology (Classroom) $13,615,000.00 $4,716,454.30 Technology (Infrastructure and Administration) $2,727,500.00 $1,452,800.87 Construction, Modifications and Renovations $20,195,092.00 $11,932,528.93 Student Transportation $2,012,410.00 $0.00 Driver Education Cars $407,465.00 $49,822.50 Copy Machines $460,000.00 $0.00 School Food Nutrition Program $532,052.00 $0.00 Legal and Administrative $250,000.00 $39,387.85 Totals $55,434,269.00 $24,524,619.45
*Additional bond debt retirement is pursuant to collection of all projected revenues and completion of proposed projects. Last Updated: February 16, 2017