SPLOST IV
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 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 is 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 IV Budget/Expenditures
Budget | Expenditures | |
---|---|---|
Debt Retirement | $15,234,750.00 | $14,334,750.00 |
Technology (Classroom) | $13,615,000.00 | $11,002,298.65 |
Technology (Infrastructure and Administration) | $2,727,500.00 | $3,111,282.84 |
Construction, Modifications, Renovations & Equipment | $20,195,092.00 | $21,352,496.16 |
Student Transportation | $2,012,410.00 | $1,364,111.85 |
Driver Education Cars | $407,465.00 | $466.875.00 |
Copy Machines | $460,000.00 | - |
School Food Nutrition Program | $532,052.00 | $35,417.91 |
Legal and Administrative | $250,000.00 | $56,600.60 |
Totals | $55,434,269.00 | $51,723,833.01 |