Tax woes:
10% of PTC budget frozen by Council
Peachtree City Council has
put 10 percent of its 2002 budget in a holding pattern, at the request
of city staff.
City officials are worried
that an extended economic slowdown could reduce local option sales tax
funds, which make up about a third of the city's budget.
The worst-case scenario would
have revenues declining by about $1.46 million, said Paul Salvatore the
city's finance director.
City Manager Jim Basinger said
the spending freeze could be lifted later, and city staff would report
Easy button Return it to long suffering taxpayers including those who have paid huge tabs to educate other people's kids…