The Fayette Citizen-News Page
Wednesday, September 2, 1998
PTC Council asks public input on $19.77 million '99 budget

Budget up more than $1 million over '98; tax revenues expected to be up 12%

By KAY S. PEDROTTI
Staff Writer

A public hearing on the fiscal year 1999 budget promises to occupy the lion's share of time at Thursday's regular meeting of the City Council in Peachtree City.

A total budget of $19,771,566 is proposed for the coming year, including "carryover funds" from last year, according to assistant city manager Joe Morton. Last year's total budget was $18,742,839.

Morton says the city's operating budget will increase from $9,571,493 to $10,179,154, but revenues also are expected to increase.

While exact figures are not available pending property tax re-assessment appeals, Peachtree City's ad valorem tax revenues are expected to increase by 12 percent to $3,516,448. After a recent re-assessment, Fayette County has received some 2000 appeals about property values, Morton noted.

Local option sales tax money will be up by 5 percent to $4,531,454, the largest income-generator for Peachtree City.

Departmental budgets mostly reflect increases, with the largest increases in library expenditures and the fire department allocation. Pay raises are in order for most city employees, and federal grant monies will help hire five new police officers for community-oriented duties.

The council also will call a special meeting to set the millage rate. Other agenda items include discussion of the city's insurance program and awards and recognitions.


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