The Peachtree City Council
may adopt its 2002 budget at its regular meeting Thursday night.
The budget includes a proposed
property tax rate of 4.35 mills, equal to a 13.3 percent increase. The
hike would cost an extra $40 for persons owning a home with a fair market
value of $200,000.
Since the budget calls for
an increase in property tax revenues, it will be the subject of several
more public hearings.
The tax rate was rolled back
last year by council from 4.06 to 3.84 mills in an effort to avoid a tax
increase due to increased property valuations. Mayor Bob Lenox, and other
council members, have characterized that decision as a mistake.
Most of the budget cuts this
year came from the city's public improvement program. One project was
cut from this year: a satellite auto maintenance facility. Also, part
of the facility buildout plan was cut, which includes the renovation of
City Hall and the Public Works building.
Both the satellite auto facility
and the renovations will eventually be funded through a long-term financing
plan called the Bricks and Mortar program.
Projects set for next year
which were cut totalled almost $117,000, including the library expansion
and $40,000 for playgrounds. Another $40,000 was left in the budget for
playgrounds.
Council's contingency fund
was also reduced $150,000 in the effort to pare down the tax increase.
Departmental operating budgets were reduced by more than $75,000.
Councilman Steve Rapson said
he doesn't see the need to increase the city's millage this year. But
other council members have said holding off on a property tax increase
could mislead the public as voters prepare to vote on the city's proposed
projects in the bond referendum.
Some of those projects, such
as the $2.6 million community center, will increase the city's operating
budget and in turn will require tax increases.
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