No! The city of East Cobb has been determined to be financially feasible without any additional taxes being levied. The feasibility study, conducted by a third party (Georgia State University’s Andrew Young Center for State and Local Finance) without any input from the cityhood committee determined there would be a surplus of more than $3M with an additional $1.8M as a contingency fund. This analysis is conservative as it does not include any revenue the city would receive from a Memorandum of Understanding (MOU) with Cobb County or any future SPLOST funds provided to municipalities in Cobb County.
IF, in future years, the elected members of the City of East Cobb deem it necessary, they can increase the millage rate by 1 mill. (What is a mill?) Any increase greater than 1 mill must be approved by a majority of the registered voters within the city limits.
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