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Cobb County School District says revenues on track; SPLOST 6 collections strong
Summary
Chief Financial Officer David Baker told the board the district had collected about 72% of budgeted revenues ($1.19 billion) through Dec. 31, 2025, spent about 49% of its budget, earned about $16.2 million in interest at a 3.8% average return, and reported SPLOST 6 collections of $202.6 million year-to-date.
Chief Financial Officer David Baker presented the district’s second-quarter financial report for the period ending Dec. 31, 2025, saying revenues and expenditures were “on target” and highlighting cash-management performance and SPLOST receipts.
Baker told the board the district had collected 72% of its budgeted revenues — about $1,190,000,000 — and had spent or obligated roughly 49% of its budgeted expenditures, approximately $843,900,000, through the second quarter. He reported the district earned more than $16,200,000 in interest across funds at an average return of 3.8%, down from last year’s 4.56% average return; staff attributed the decline to Federal Reserve rate cuts implemented over the prior year.
On capital projects, Baker highlighted SPLOST 6 collections of $202,600,000 from January through December 2025 and said overall SPLOST and capital-project receipts were about 3.6% higher than 2024 collections. He told the board staff will continue to monitor statewide economic conditions and pursue additional state capital outlay funding where available.
Board members asked how possible state proposals affecting property tax (including a proposed 3% cap or other measures under consideration at the state legislature) could affect district budgeting; Baker and the superintendent said staff were monitoring proposals but would not speculate on measures that had not been passed.
The presentation and the supporting report will be posted to the district website for public review, staff said.
