The budget currently being considered by Alpharetta City Council would leave the millage rate at its current 5.750 level through the 2014 fiscal year.
The city has maintained that rate since 2009 while providing additional tax relief to citizens by increasing Alpharetta’s homestead exemption to $40,000; the highest such exemption in Georgia.
The proposed budget includes several key capital and operating initiatives, including:
- Economic development initiatives designed to foster a healthy local economy through the attraction, retention, and expansion of businesses including a contribution towards the future Gwinnett Tech campus.
- Expanded public safety service levels including increased drug enforcement activity and additional fire services that have the added benefit of a potential increase to the City’s Insurance Services Office (ISO) rating from “2” to “1” (highest) which would lead to an estimated 2 percent to 4 percent reduction (average) in property insurance premiums. If successful, the City would be 1 of only 41 communities across the Nation with an ISO rating of “1.”
- Funding totaling $8.3 million for capital investment within the city including $2.4 million for recurring capital initiatives aimed at ensuring our infrastructure continues to be maintained to the high standards our citizenry have come to expect. Projects include milling and resurfacing of City streets, traffic signalization equipment repair and maintenance, stormwater maintenance and more.
While Alpharetta’s overall millage rate would remain flat under the proposal, there would be some changes to its individual components.The city is shifting 0.05 mills from the debt service millage rate to the maintenance and operations millage rate to provide funding for public safety and economic development initiatives. Because this shift increases the millage rate dedicated to maintenance and operations, Alpharetta is required by law to advertise a millage rate increase even though the total millage rate will remain the same as in previous years.Alpharetta is holding its third and final public hearing on the proposed fiscal year 2014 budget and millage rate levy June 17 at 7:30 p.m. at City Hall.Citizens are also encouraged to view the proposed budget on the city of Alpharetta website, www.alpharetta.ga.us.