F’ville to hold millage steady after digest shrinks

Mon, 08/17/2009 - 6:44am
By: Ben Nelms

The Fayetteville City Council at its meeting Thursday night is expected to adopt the 2009 millage rate that will maintain the current 2.988 mills. The rate represents a net decrease in projected taxes of .78 percent, or $21,855.

Net taxes levied for 2008 totaled $2,791,010 compared to the $2,769,154 for 2009. City financial staff are recommending the rate, noting that it will meet the requirement of the projected FY 2010 budget.

If approved, the General Fund millage rate will total 2.238 mills while the Capital Projects Fund will total .75 mills. The reassessment portion of the tax digest is equivalent to -.32 mills, said Finance Director Lynn Robinson.

Fayetteville nearly two years ago began a series of budget cuts designed to help weather the effects of the recession.

Also at the meeting, the council will take up discussion of an Atlanta Regional Commission Livable Centers Initiative (LCI) supplemental grant program that was tabled at the last meeting.

Staff are requesting that the city put up half of the money that would provide a total of $60,000 to purchase studies and analysis that would address several older commercial greyfield areas for potential re-development.

“LCI supplemental funding will be used to hire professional land development and marketing consultants as necessary to devise a strategy and development plan to revitalize these important greyfield areas,” said Planning & Zoning Director Eldridge Gunn.

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