PTC sales tax revenues down

Mon, 02/18/2008 - 9:38am
By: John Munford

City can cover loss with fund balance from 2007

Sales tax revenues for Peachtree City are down about 8 percent from projections, but the city can make up the shortfall so far with an overage of cash on hand left from the end of the 2007 fiscal year, City Finance Director Paul Salvatore told the City Council last week.

Salvatore said the city’s “fund balance” is used to address such issues by having cash on hand to address such shortfalls. That way the city can continue to maintain its service levels without increasing the millage rate, Salvatore said.

City Manager Bernie McMullen said he spoke with the city’s division directors and chiefs about three to four weeks ago, notifying them to put off the purchase of items that weren’t considered essential.

McMullen said the city’s real budget challenge will come in the property tax digest, which is not expected to grow much at all.

That, McMullen said, will provide “a challenge next year.”

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yellowjax1212's picture
Submitted by yellowjax1212 on Mon, 02/18/2008 - 8:34pm.

You all are so right.
Harold should have pulled out his crystal ball and foretold all of this.
In fact Mayor Logdson and the entire city coucil should (well not the 2 new guys - they are going to save the city with their "No to everything" stance) should be held accountable for the economic downturn that is sweeping the nation.
Come on people, its a tax revenue short-fall. These things happen when a rapidly growing economy slows down.
Enough with trying to blame everything on the mayor.
Hey, it's a good thing we didn't buy into that Zero based Budget thing or we wouldn't have had any surplus to cover the deficit.

Submitted by sageadvice on Tue, 02/19/2008 - 6:22am.

Zero based has an option for unforeseen downturns or expenses!

When income goes down, cut budgets to meet the income---don't raise the tax! People are making less during a downturn, not more in order to pay more taxes.
Of course if the GA republicans have their way and do away with property taxes, the $500,000 t0 several million $ homeowners will pay even less taxes! We will pay it with our purchases and services!

Mike King's picture
Submitted by Mike King on Mon, 02/18/2008 - 4:15pm.

As Gomer Pyle used to say to Sgt Carter, Mr McMullen surely this shortfall in revenue is not something that just sneaked up on Peachtree City. The financial gurus have been telling you and the administration for some time now.

Hopefully, we are not in the dire circumstances of the city of Atlanta where "big government" has misplaced some $70,000,000.00. Surely our reputation as top ten city is managed better than having our fair city placed into the same category of incompetents.

Did our mayor not run as a financial expert who promised to save us money? I mean come on now, we paid off a shady tennis center debt and held no one accountable, retired a police chief under more shady circumstances, and currently paying through the nose for a police station that is barely seven years old. These three items alone tell us that it's time for fiscal responsiblity. Is anyone awake at City Hall?

Perhaps we need to sell a few more streets.

Submitted by sageadvice on Mon, 02/18/2008 - 4:38pm.

By the way it is expected that the $70,000,000.00 shortfall in Atlanta will maybe be twice that amount if they ever let a legitimate audit company look at the books, say from Portland, ME! It is not a shortfall any, but an over-expenditure, not reported.

You said the Tennis Center was "paid off."
Did you mean that literally? "Paid Off?" How?

As to the Police Chief, do you suppose we could find one who doesn't even want to know the Mayor and Town Council---just his boss?

Now, KING, you well know that there will be no information coming forward as to how we ended up with a useless Police Station that cost twice what it should have to start with! Get some Senoia sub-contractor to build one on a high lot somewhere for about half the cost of the original! Even the new library might make a good one. They can operate in a tent if need be. Or, in K-Mart.

I do agree that it is simply exasperating for the citizens to not have such things explained, by dateline and in detail!
Isn't there ONE person there in the know (someone like Andy Pettite) who will tell some of the truth for us?

yardman5508's picture
Submitted by yardman5508 on Mon, 02/18/2008 - 4:25pm.

but I am pretty sure Gomer used to say, "Surprise, surprise, surprise!", though that was *cough, cough* WELL before my time.Eye-wink Keep the faith.

Democracy is not a spectator sport.

Mike King's picture
Submitted by Mike King on Mon, 02/18/2008 - 4:28pm.

Yard, surely you jest>

yardman5508's picture
Submitted by yardman5508 on Mon, 02/18/2008 - 4:36pm.

"and don't call me Shirley!" Keep the faith.

Democracy is not a spectator sport.

Main Stream's picture
Submitted by Main Stream on Mon, 02/18/2008 - 3:42pm.

And with sales tax revenues down, why are we putting in "more of the same" retail establishments in that new development? Or in any new retail/commercial development that is built?

All it would take would be to study the demographics in PTC to get a better understanding of what to bring in here. If the city was really concerned with sales tax revenue, they would be out trying to attract better businesses for the consumers in PTC, instead of feeding us "more of the same" with a Kohl's - woop dee do.

Think outside the box please: Borders Books, Barnes and Noble, Hollister, Abercrombie, Willy's, Performance Bikes, R.E.I.


NUK_1's picture
Submitted by NUK_1 on Mon, 02/18/2008 - 6:14pm.

With Books-A_million firmly entrenched in an ideal location and very popular, I'm not sure Borders or Barnes are going to be that crazy about coming to a market that has reached its peak and isn't going to noticeably grow. You also have the issue of where a new store is going to locate in PTC? If you look at how long it took Newnan to get a national book chain, that will tell you why you don't see more than one in a lot of areas. As far as the chains goes, I like BAM a lot better than Barnes but I'd shop Borders over both. Don't see it happening.

I don't know how a city, develop auth, tourism assoc, etc. is supposed to lure retailers where they don't think they can make money and justify the risk. They can't offer that much of a package deal to lure retailers to town.

Submitted by Spyglass on Mon, 02/18/2008 - 6:20pm.

Folks want all these new locations, and they go absolutely bat crazy when anything is approved by the Council.

Submitted by Spyglass on Mon, 02/18/2008 - 4:48pm.

So I believe they are out of the picture on the lastest approved development.

sniffles5's picture
Submitted by sniffles5 on Mon, 02/18/2008 - 5:05pm.

50K Square feet is decidedly small for a Kohls.

But it is, however, the perfect size for a "Big Lots" or a "Value City".

The Question They Will NOT Answer:How Much Jail Time?

Submitted by Spyglass on Mon, 02/18/2008 - 5:52pm.

square footage. I've been in one Value City in my life, they are HUGE, more on the measure of 100K+ square feet. And right now, Big Lots couldn't afford the rent in that spot.

Good luck though, with your quest for these two retailers, some of us shoot higher. Although, the Obama support gives you away. Smiling

Cyclist's picture
Submitted by Cyclist on Mon, 02/18/2008 - 3:55pm.

My vote is for Performance Bikes and REI. I'll drive from Billy Goat Acres to PTC for those stores and The Village Seafood place.
Caution - The Surgeon General has determined that constant blogging is an addiction that can cause a sedentary life style.

Main Stream's picture
Submitted by Main Stream on Mon, 02/18/2008 - 4:13pm.

Don't know those parts, cyclist, but sounds reeeeel nice. My next avatar will be the baseball-cap wearin' squid-billy from Adult Swim.

But really, there are so many of us that travel outside the city limits to shop elsewhere, so why not keep the sales tax revenue, within our own city, by bringing some quality shopping here.

We drive all the way up to Atlanta, just so the spouse can get a particular bike part or cool jersey at Performance. And while we're up in Hotlanta, we go by Hollister so my tween can stock up on t-shirts and flip-flops. I have to go to R.E.I. to get my Merrill's. Then it's over to Trader Joes's or Whole Foods for another shopping spree. And some may think these places are 'elitist' but hey, these places sell quality goods, not crap that will fall apart or break easily - there's a difference. And I like organic, natural food sometimes - what can I say....


Cyclist's picture
Submitted by Cyclist on Mon, 02/18/2008 - 4:49pm.

I would like to think that there's enough potential customer base to have one of those stores here. I know in the LA area Performance Bike has 8 stores.

Billy Goat Acres. This is what I tell folks back in California where I used live. But the truth is, I'm not going back. Having lived in the LA area for much of my adult life, I'm so happy to be out of that "rat race". Besides, riding out here is far better than out there. I had to ride 30 miles to get to the Santa Monica mountains to ride in a rural area or drive 50 miles to do the Mount Wilson ride. A 60 mile ride to Disneyland on city streets is a pain because of the traffic and signals at each block. You do learn how to do "track stands" out there.
Caution - The Surgeon General has determined that constant blogging is an addiction that can cause a sedentary life style.

Main Stream's picture
Submitted by Main Stream on Mon, 02/18/2008 - 6:09pm.

Wow, I guess there are several of us western folks out here. I didn't know that about you, cyclist. I can see why you love to ride out here, compared to SoCal. (btw - the spouse just walked in sweaty from a 30-mile ride out to Lake Horton and back).

We may be headed back to Boulder in a year or two, if we can get a transfer. We're starting to think about where we want to be in our golden years, and we still have a rental house there. Plus, we miss the west.

favorite quote: "Even if you win the rat race, you're still a rat." - Lilly Tomlin


Submitted by Spyglass on Mon, 02/18/2008 - 4:47pm.

I believe they carry Merrill's, or did you mean Merrell's? . I know they have a few, and may can order whatever you need.

Submitted by sageadvice on Mon, 02/18/2008 - 4:24pm.

I kinda agree with your eliteness main, I only attend the best stores myself.
I usually call ahead and have them close, like Elvis did, you know, and then just have someone follow me with a cart and I throw everything I want into it and head for my Cadillac. The stuff is delivered.
Most of the eateries that I go to have a private area in which me and my
followers can eat alone. The food is always something special just for me.
We don't drive up to Atlanta, however, we are taken. Sometimes we go just to get some new AA batteries for our screen room. The car has a bed in case I get droopy.
I wouldn't shop in the poor-folks joints in PTC and Fayette for nothing. Someone might see me.
I usually just write the City a check for the tax I don't spend here, just to be fair.
I like food raised in manure also instead of with sterilized fertilize.

Main Stream's picture
Submitted by Main Stream on Mon, 02/18/2008 - 4:47pm.

sometimes your posts really do make me laugh....this one did.

btw - do you also like fried peanut butter and banana sandwiches like Elvis?

If any of us are EVER brave enough to meet for coffee again someday, I do hope you join in for a cup or two. I'm beginning to think that you are really Cal, our beloved editor.


Submitted by sageadvice on Mon, 02/18/2008 - 3:37pm.

How could the digest grow this year considering the current housing mess?
There is always the mil rate to be raised.
Never consider cutting expenses to the income level!

Submitted by John M on Mon, 02/18/2008 - 2:52pm.

Oh goody, we can probably expect another good kick in the pants from Mayor Logsdon come tax time.

The guy has proven to be one of the most financially inept people on the planet.

"I'm NOT John Munford"

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