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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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Budget
The Budget Division is responsible for: Preparing and administering the annual budget; Preparing Biennial Budget documents and books; Preparing and publishing property tax millage rates; Revenue and Expenditure Analysis; Budgeting administrators for all County Departments; Preparing the Annual Budget at a Glance documents
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About Financial Management Services
Department Responsibilities: Maintaining and administering the County’s financial records in conformance with GAAP; Payroll administration; Manage debt issuance and monitoring; Long-range financial planning; Vendor payments and maintenance within the financial system; Federal government regulatory reporting; Maintaining property and inventory records; Grant accounting; Maintain the County’s cash and investments; Prepare and administer the annual budget; Bank reconciliations
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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.
FAQs
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Will my property taxes increase?
No. Property millage rate for homeowners will not be increased.
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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 are the County’s sources of revenue?
The County’s primary source of revenue is property taxes. Other sources comprising the top five revenue sources are, in descending order for FY2024, are: other taxes, charges for services, transfers in, licenses and permits.
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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.