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No Tax Hike Proposed in Powder Springs

The city's proposed millage rate will remain at 8.50 mills.

residents likely won’t see an increase in their property taxes this year.

City officials have recommended the millage rate remain at 8.50 mills, the rate at which it has been set for at least the last five years. No one attended an initial hearing held Wednesday night during the city council’s special called meeting.

According to figures on the city’s website, the millage is expected to generate $2.68 million for fiscal year 2012, down from $2.93 generated in fiscal year 2011. Property tax revenues have continued to decline since 2008, as has the city’s tax digest. For fiscal year 2012, the city’s digest is expected to be at $315 million, down from $345 million in 2011.

“We’ve seen a decrease in many of the (property values),” Interim City Manager Brad Hulsey said.

The city council is expected to have a second reading and vote on the millage rate at its meeting on Monday.

The council met for just under six hours on Wednesday between its work session and called meeting. We’ll have more from the work session coming up later today.

Thomas D. July 19, 2012 at 02:19 PM
Considering we have already have had two increases in services/taxes (Storm Water and Water rates) over the past year, plus holding a large "Rain Day Fund" (see below), I would expect the city not to raise property taxes. Any updates on the 1 million dollar excess we have in our reserve fund? Will it stay there or be refunded to the citizens? Also, earlier in the year, it was reported that at the 11th hour, had found $500,000 ( http://westcobb.patch.com/articles/bevirt-where-did-500-000-in-sanitation-funds-come-from ) . Any word as to where in the budget the 500k was found? From the 6.21.2012 AJC's Cobb section an article by reporter Carolyn Cunningham, Headline: "Powder Springs Keeps a Big Rainy Day Fund". "Powder Springs has been maintaining a rainy day fund of 45 percent, said the city's new finance director Amy Davis. "I've never seen it over 25 percent, Davis told Mayor Pat Vaughn and City Council members during a recent work session. "Citizens might be wondering why you're saving so much money and not using it in the community." Councilman Al Thurman said, "I totally agree. We keep saying we're broke, but we're saving all this money." Davis said the city should have $1.7 million instead of $2.7 million in the fund." Do we have money or don't we? Looking forward to the spin from City Hall on this one. Suggestion to Council: How about a tax rebate?
Chris Wizner July 19, 2012 at 05:05 PM
Thomas D., AKA Thomas D. Bevirt?, AKA Tom Bevirt?- Could this be our same past Council Member who as a public official oversaw the accumulation of this Reserve while he was in office now complaining AGAIN? Maybe it’s just a coincidence. But to answers the author's concerns- Because of the reserve and tough budget decisions we have a safety net and we did not have to raise taxes like Austell did this year. We are also better prepared should a disaster or major infrastructure breakdown hit our City in the future. In this tough economy most people unfortunately know, he who uses his savings to meet everyday expenses, soon runs out of savings and goes into debt.
Thomas D. July 20, 2012 at 05:12 PM
Mr. Wizner, you would have been better served if you limited your response to the following; "Because of the reserve and tough budget decisions we have a safety net and we did not have to raise taxes like Austell did this year. We are also better prepared should a disaster or major infrastructure breakdown hit our City in the future." Works for me. Succinct and to the point. Instead, you chose to begin and end your commentary in a condescending tone. Nice touch!

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