However, the Cobb County Board of Commissioners Plans to Fund Only $19 million, Less Than ½ of the $40 million Park Bond Referendum voters approved in 2008. Help Us Encourage the Board to Honor the Vote & Fully Fund $40 million Park Bond 2008 before the January 26 at 7pm Board of Commissioners meeting.
Where is the tax money for Park Bond 2008? Earmarked Park Bond 2008 funds are being moved to the Braves stadium finance bonds before funding Park Bond 2008. Moving earmarked voter-approved referendum funds for the Park Bond into any other project before funding the Park Bond is not how it works in a democracy.
- Funding ½ the Park Bond would mean: Votes don't count. The Board of Commissioners is deciding the outcome of a Referendum rather then allowing the Voters vote to count: In 2008, over 67% of Cobb voters voted to approve the full $40 million, and the money was already earmarked in the Debt Service Fund. Yet in 2009, the Board postponed voter-approved Park Bond 2008 funding. Now 3x more Debt Service Fund funds are available to quickly pay for Park Bond 2008 without raising taxes. The Board only needs to update the repayment dates. The legal basis to keep the same repayment plan no longer exists because the Park Bond wasn't funding in 2008 as voters intended.
(Urge Commissioners to fully fund $40 million Park Bond 2008, as voters intended and already available in the earmarked Debt Service Fund)
- Funding ½ the Park Bond would mean: Debt Service Funds are reallocated to another project without funding Park Bond 2008 as earmarked first. The Cobb Braves FAQ page directly states funds are transferred from Park Bonds into Braves funding, yet Park Bond 2008 was never funded. (The issue is using Earmarked Park Bond funds for any other purpose before using those funds for parkland purchase as voters intended.)
- Funding ½ the Park Bond would mean: Cobb will lag behind even more in achieving its own greenspace goals. According to Cobb's own 2030 Comprehensive Plan, more than 8,000 acres should be protected as parkland or greenspace, yet Park Bond 2008 could protect at most 400 acres if fully funded.
- Funding ½ the Park Bond would mean: Democracy is not working here, if a Voter-Approved Referendum is not honored despite available tax funds. Park Bond 2008 Referendum overwhelmingly passed with 67% of the vote, and it has not been funded. Earmarked Park Bond funds are planned for another project, in this case the Braves Stadium, before funding parkland as voters intended in the 2008 Referendum.