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BREADCRUMB

SPLOST III

SPLOST III

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 ran from Jan. 1, 2009 through Dec. 31, 2013, and was 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 ran from January 1, 2004 through December 31, 2008. SPLOST II was expected to collect $636.5 million for Cobb and $47 million for Marietta. The third SPLOST term ran from Jan. 1, 2009 through Dec. 31, 2013, and was expected to collect $59 million for Marietta City Schools.

SPLOST III Budget/Expenditures

  Budget Expenditures
Debt Retirement $15,234,750.00 $18,319,699.25
Technology (Classroom) $13,615,000.00 $7,033,144.29
Technology (Infrastructure and Administration) $2,727,500.00 $2,398,535.14
Construction, Modifications, Renovations & Equipment $20,195,092.00 $12,248,144.51
Student Transportation $2,012,410.00 $1,255,856.33
Driver Education Cars $407,465.00 -
Copy Machines $460,000.00 $792,500.00
School Food Nutrition Program $532,052.00 -
Legal and Administrative $250,000.00 $34,509.71
Apply to Debt Retirement* $15,163,305.00 $0.00
Totals $55,434,269.00 $42,082,389.23