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Property tax rate remains unchanged in 2015 budget
by Staff
May 28, 2014 12:07 PM | 1461 views | 0 0 comments | 16 16 recommendations | email to a friend | print
The budget currently being considered by Alpharetta City Council would leave the millage rate at its current 5.750 level through the 2015 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 funding totaling $10.9 million for capital investments within the city.

A total of $3.4 million will be dedicated to recurring/pay-as-you-go capital initiatives aimed at infrastructure maintenence.

Projects include milling and resurfacing of city streets, traffic signalization equipment repair and maintenance, stormwater maintenance and more.

Capital investments will also include funding operational costs (maintenance/utilities) of the new city hall, parking garage, city park and town green.

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 0.08 mills from the debt service millage rate to the maintenance and operations millage rate to provide funding for capital investment in infrastructure. 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 a series of public hearings on the proposed fiscal year 2015 budget and millage rate levy and is encouraging citizens to attend and participate in the budget process.

The meetings will be held on the following dates and times in the Council Chambers at Alpharetta City Hall located at 2 South Main Street:

June 2 at 7:30 p.m.

June 9 at 6:30 p.m.

June 16 at 7:30 p.m.

Citizens are also encouraged to view the proposed budget on the city of Alpharetta website, www.alpharetta.ga.us.

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