A decision on the SPLOST, which is calculated to collect $750 million over a six-year period, is expected to be made on July 22.
The current SPLOST, which Cobb voters approved by just 79 votes in 2011, is expected to collect $492 million to help update existing infrastructure.
At a special meeting last Friday, Cobb Chairman Tim Lee presented the county’s six mayors with a $55 million list of projects that are of Cobb-wide benefit, and “therefore would come off the top of the SPLOST funding before the cities receive a 26-percent share of the tax revenue,” as The Atlanta Journal-Constitution reported.
The projected annual funding for the six Cobb cities breaks down like this:
- Marietta, $9.4 million
- Smyrna, $8.5 million
- Kennesaw, $5.1 million
- Acworth, $3.4 million
- Powder Springs, $2.3 million
- Austell, $1 million
Would you like to see a SPLOST referendum on the ballot in November? Share your thoughts in the comment section below.