ATLANTA (WAOK)- Municipal elections will be held today in almost all municipalities in Georgia. In Cobb and Gwinnett Counties, residents will be voting on SPLOST. SPLOST, short for Special Purpose Local Options Sales Tax, is a tax that is voted on for renewal every couple of years. The revenue from this tax is used to better the communities in Gwinnett and Cobb Counties, aiding in the elevation and sustenance of quality of life as well as providing the counties the ability to secure exceptional bond ratings due to the counties ability to fund its their improvements without going into debt. SPLOST revenue is used by the counties for re-development purposes such as road re-pavement and transportation improvement, addressing the needs of public and recreational facilities such as local parks, building renovations, and improvements to water and sewer systems.
Marietta Bond Referendum –
Shall there be up to $68,000,000 in aggregate principal amount of City of Marietta General Obligation Bonds for the purpose of financing Urban Redevelopment Projects consisting of streetscape improvements in the Whitlock Avenue corridor within the City Center Redevelopment area and the acquisition and demolition of approved property for future redevelopment and right-of-way acquisition and road infrastructure improvements to improve east-west transportation connectivity within the Franklin-Gateway Redevelopment Area, all for redevelopment in accordance with the City’s Urban Redevelopment Plan.
Gwinnett County voters will go to the polls to decide whether to renew the one-cent SPLOST sales tax. It would raise an estimated $498 million for capital projects. If approved by voters, 70 percent of its share of SPLOST, or an estimated $275 million, will be dedicated to transportation projects such as roads, bridges, intersection improvements, and sidewalks, including $25 million for joint city/county transportation projects.
Written by Sherman H. Smith Jr (WAOK/Intern)