Sunday, Aug. 14, 2005 | ||
Bad Links? | Peachtree City OKs millage rate, tax hikeReassessments add up to $342,000 more for city coffersBy JOHN MUNFORD The Peachtree City Council officially adopted its millage rate at a special called meeting Friday morning. While the millage rate will remain the same, the net result will be an increase in property taxes for most residents due to the increase on property reassessments. Peachtree City will reap an additional $342,663 due to the reassessments. The $25.81 million general fund budget, which has not been formally approved, is an increase of $1.11 million from the current years budget, a hike of 4.3 percent. The budget includes $525,715 for debt service and additional staffing for the newly expanded library, set to reopen in October. Those expenditures were authorized by voters in a referendum, and several council members pointed out that the increase in property tax revenues doesnt even cover that cost. The proposed budget before Council includes three full-time positions: a city engineer/project manager, a system specialist for information technology and a childrens librarian. Two part-time positions are also included: a part-time assistant for the childrens section of the library and the transition of a current part-time position as a planning assistant to a full-time role. All the new personnel costs add up to $144,516. The citys Public Improvement Program budget includes $50,000 for architectural design of a new senior citizens center, which would be located between The Gathering Place and the offices for the Frederick Brown Jr. Amphitheater. Also included is $445,000 for parking improvements and paving at the Riley Field and Meade Field recreation complexes, $330,000 to replace 10 police vehicles and $401,258 for a new fire rescue pumper truck. All of these projects and purchases will be financed, ranging from a four-year period for the police cars to five years for the pumper truck and 15 years for the other projects. Plans are to build the senior center in 2007 at an estimated cost of $650,000. |
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