Cobb awarded AAA credit rating for 27th year in a row

Cobb County government building sign, a vertical rectangular sign with the words "Board of Commissioners," "County Clerk," "County Manager," "County Office," "Employment," and a wheelchair entrance icon

Cobb County has again been awarded a AAA credit rating by the nation’s top three credit rating agencies.  This is the 27th year in a row Cobb has achieved this goal, and only three counties in Georgia were awarded AAA by all three agencies: Fitch, S&P, and Moody’s.

According to the news release on the county website:

This prestigious rating benefits Cobb County residents by lowering the county’s borrowing costs, attracting investments, and offering greater financial flexibility in emergencies or other unusual circumstances.

“The rating reflects our view of Cobb County’s consistent positive financial performance and maintenance of robust reserve levels,” S&P’s report stated. “These are supported by well-integrated financial management practices and a robust economy. Economic growth continues, driven by ongoing business investments, new construction, and population spillover from Atlanta.”

“This 27-year milestone of achieving a AAA credit rating is a testament to Cobb County’s unwavering commitment to fiscal responsibility and prudent financial management,” said Chairwoman Lisa Cupid in the news releae.  “Our residents can take pride in knowing that our sound financial practices not only save them money but also demonstrate our county’s ability to thrive and grow for generations to come.”

According to the news release:

Cobb County’s Chief Financial Officer Bill Volckmann, Deputy CFO Buddy Tesar, Chairwoman Lisa Cupid, and County Manager Dr. Jackie McMorris traveled earlier this year to meet with representatives from the three main rating agencies.

About Cobb County

Cobb County is the third most populous county in Georgia, smaller only than Fulton and Gwinnett counties.

Early History

The county was established in 1832, is named after Thomas Willis Cobb, a U.S. Congressman, Senator, and Supreme Court judge. Cobb was formed from a portion of Cherokee County.

Marietta, the county seat, was incorporated in 1834, becoming a vital center for trade and governance. 

Government Structure

The governance of Cobb County is anchored by the Board of Commissioners, consisting of a Chairman and four Commissioners. Each member is elected—the Chairwoman at large and the Commissioners from their respective districts. This body holds the dual role of enacting county policies and overseeing the administration of county services. The Chairwoman also has specific duties, such as presiding over board meetings and acting as the official county spokesperson.

Key Departments and Services

Cobb County’s government is organized into departments focusing on different aspects of community life. These include Public Safety, which encompasses police and fire services; Transportation, tasked with maintaining and improving roadways and public transit; Community Development, which handles zoning and land use; and Parks and Recreation, which manages public parks and community centers. Each department aims to fulfill its responsibilities efficiently, though effectiveness can vary based on funding, policy decisions, and community needs.

The current board is:

ChairwomanLisa Cupid
District 1 CommissionerKeli Gambrill
District 2 CommissionerJerica Richardson
District 3 Commissioner JoAnn Birrell
District 4 Commissioner Monique Sheffield

The U.S. Census Bureau gives the following quick facts about the county:

PeoplePopulation
Population Estimates, July 1 2021, (V2021)766,802
Population estimates base, April 1, 2020, (V2021)766,149
Population, percent change – April 1, 2020 (estimates base) to July 1, 2021, (V2021)0.1%
Population, Census, April 1, 2020766149
Population, Census, April 1, 2010688078
Age and Sex
Persons under 5 years, percent5.6%
Persons under 18 years, percent22.7%
Persons 65 years and over, percent13.3%
Female persons, percent51.3%
Race and Hispanic Origin
White alone, percent61.7%
Black or African American alone, percent(a)29.2%
American Indian and Alaska Native alone, percent(a)0.5%
Asian alone, percent(a)5.7%
Native Hawaiian and Other Pacific Islander alone, percent(a)0.1%
Two or More Races, percent2.8%
Hispanic or Latino, percent(b)13.7%
White alone, not Hispanic or Latino, percent50.2%
Population Characteristics
Veterans, 2016-202040562
Foreign born persons, percent, 2016-202015.6%
Housing
Housing units, July 1, 2021, (V2021)311450
Owner-occupied housing unit rate, 2016-202065.8%
Median value of owner-occupied housing units, 2016-2020$273,900
Median selected monthly owner costs -with a mortgage, 2016-2020$1,672
Median selected monthly owner costs -without a mortgage, 2016-2020$474
Median gross rent, 2016-2020$1,264
Building permits, 20213247
Families & Living Arrangements
Households, 2016-2020283359
Persons per household, 2016-20202.63
Living in same house 1 year ago, percent of persons age 1 year+, 2016-202084.6%
Language other than English spoken at home, percent of persons age 5 years+, 2016-202020.5%
Computer and Internet Use
Households with a computer, percent, 2016-202097.2%
Households with a broadband Internet subscription, percent, 2016-202093.3%
Education
High school graduate or higher, percent of persons age 25 years+, 2016-202092.6%
Bachelor’s degree or higher, percent of persons age 25 years+, 2016-202048.4%
Health
With a disability, under age 65 years, percent, 2016-20206.2%
Persons without health insurance, under age 65 years, percent13.8%
Economy
In civilian labor force, total, percent of population age 16 years+, 2016-202069.6%
In civilian labor force, female, percent of population age 16 years+, 2016-202064.3%
Total accommodation and food services sales, 2017 ($1,000)(c)2056579
Total health care and social assistance receipts/revenue, 2017 ($1,000)(c)5569500
Total transportation and warehousing receipts/revenue, 2017 ($1,000)(c)1536858
Total retail sales, 2017 ($1,000)(c)18543691
Total retail sales per capita, 2017(c)$24,615
Transportation
Mean travel time to work (minutes), workers age 16 years+, 2016-202031.2
Income & Poverty
Median household income (in 2020 dollars), 2016-2020$80,830
Per capita income in past 12 months (in 2020 dollars), 2016-2020$41,480
Persons in poverty, percent9.2%
BusinessesBusinesses
Total employer establishments, 202021492
Total employment, 2020358927
Total annual payroll, 2020 ($1,000)21780372
Total employment, percent change, 2019-2020-0.3%
Total nonemployer establishments, 201986497
All employer firms, Reference year 201717066
Men-owned employer firms, Reference year 201710386
Women-owned employer firms, Reference year 20173537
Minority-owned employer firms, Reference year 20173058
Nonminority-owned employer firms, Reference year 201712177
Veteran-owned employer firms, Reference year 20171204
Nonveteran-owned employer firms, Reference year 201713909
GeographyGeography
Population per square mile, 20202254.8
Population per square mile, 20102026.4
Land area in square miles, 2020339.78
Land area in square miles, 2010339.55

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