MARIETTA — City officials got their first glance Saturday at a lengthy list of possible 1 percent sales tax projects, which will be sent to voters in November, totaling just under $300 million.
Not all of those projects will make it on the Nov. 4 referendum as Marietta is projecting to get just $56.2 million, or $11.2 million annually, from the special purpose local option sales tax over five years, if voters give the go-ahead in November.
Cobb County is projected to see about $437.5 million, if the tax passes.
SPLOST is a way for local governments to supplement budgets, which are funded largely by property taxes, by putting forth a list of projects, like government building upgrades or road resurfacing, that are funded under a 1 percent sales tax.
via The Marietta Daily Journal – Marietta officials get first look at possible SPLOST projects.
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