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Results [Showing 8 of 8]
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Cumberland Community Improvement District Board
The CID Board shall study, design and improve existing or proposed public streets, roads and bridges including curbs, drainage, sidewalks, street lights and traffic control devices and acquire right-of-way for such purposes.
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Town Center Area Community Improvement District
The CID Board studies, designs and improves existing or proposed public streets, roads and bridges including curbs, drainage, sidewalks, street lights and traffic control devices within the district, and acquires right-of-way for such purposes.
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Newcomer Information
Welcome to Cobb County, one of the premier counties in the nation! We’re glad you chose to make your home here along with approximately 760,000 other residents who enjoy our high quality of life. Once you settle in, you’ll find top-notch schools, acres of park land, excellent recreational facilities, first-rate shopping and dining, and unparalleled government services.
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Braves Stadium Information
Find information about Truist Park from its original planning and construction to updates about the surrounding development.
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Transparency Center
Cobb County strives to run an open and transparent government, making information easily and quickly available to its residents and the media. Our goal is to provide timely, accurate and consistent information to effectively serve the public. This transparency center provides a central location to find much of the information you may need. There are quick links to documents and information, and opportunities to provide your feedback. If you need to request additional details, you can easily do that as well.
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2022 SPLOST
Cobb SPLOST SPLOST 2022
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Transit System Advisory Board
The Board makes recommendations to the BOC regarding all aspects of a public transit system for Cobb County, and submits an annual budget for approval along with an annual report and other reports.
FAQs
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Will my property taxes increase?
No. Property millage rate for homeowners will not be increased.
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Can SPLOST Funds be used to reduce Property Taxes?
Although counties cannot directly include a property tax rollback as an eligible expenditure on the referendum, counties can use SPLOST funds to pay for capital outlay projects that would otherwise be funded through property tax revenues. Also, if excess proceeds remain after SPLOST projects have been completed and there is no county debt, the excess proceeds must go to the general fund of the county to reduce county property taxes. For more information on the Disposition of Excess Funds, please see the SPLOST Guide.
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Will my property taxes be used to pay for this?
Currently .33 mills of your property taxes pay for the parks bonds that were issued in 1996, 2007 and 2008. The last of those bonds will be paid off in 2017 and 2018. The millage will then be shifted to the General Fund when these bonds expire to raise an equivalent amount of revenues of $8.67 million. Those monies will then be used to pay for bonds to finance SunTrust Park construction. The average amount of .33 mills per household is $26 per year and this shift of funding will not impact other government services such as police, libraries, parks and other services.
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Has a cost/benefit analysis been conducted for the SunTrust Park deal and, if so, what is the projected return on investment (ROI)?
Summary Response: Estimates from a private fiscal benefits study that was performed by Brailsford & Dunlavey indicated that relocating the Braves to Cobb County will generate $212 million in earnings while the ballpark is built and $61 million in earnings for every year the ballpark is in operations. Recurring revenues from operating the ballpark that will impact the local economy consist of spending by visiting teams, fans, the Atlanta Braves, and ballpark operators. Brailsford & Dunlavey estimate this spending to result in approximately $4 million per year to the local government in tax collections. The addition of a mixed use development at an estimated investment of $400 million is projected to add an additional $6 million per year in property taxes, approximately $3 million of which would go to the Board of Education and $800,000 to the Cumberland CID. Existing property taxes that have been identified to support the County’s annual $17.9 million debt service cost on the SunTrust Park financing totals $8.67 million.
A $10 million dollar return from ballpark operations and property taxes on an investment of $8.67 million produces a positive projected return of investment (ROI) of 15%. This calculation does not include the increased economic activity for existing businesses and the expansion of new businesses. The ROI at this most conservative calculation generates a positive return for the county.
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What is the tax impact of the proposed developments? What about sales tax revenues for the SunTrust Park?
In property taxes alone, the Braves’ plans for commercial and retail development worth $400 million that would generate $3 million in annual revenues for the school system, $489,000 to the county fire fund and $1.2 million towards county government operations.