The proposed fiscal year 2015 budget under consideration by the Alpharetta City Council would leave the millage rate at its current 5.750 level.
Alpharetta has maintained that rate since 2009 while providing additional tax relief to citizens by increasing its 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 investment within the city, including $3.4 million for recurring/pay-as-you-go 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, etc.; and
- Funding operational costs (maintenance/utilities) of the new City Hall, Parking Garage, 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 as follows:
Millage rate current rate proposed rate change
Maintenance and operations 4.780 4.950 0.080
Debt service 0.880 0.800 -0.080
Total 5.750 5.750 0.000
Alpharetta 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 its infrastructure.
Because this shift increases the millage rate dedicated to maintenance and operations, the city is required by law to advertise a millage rate increase even though the total millage rate will not change, according to its press release.
Next month, Alpharetta will hold a series of public hearings on the proposed fiscal year 2015 budget and millage rate levy and encourages residents 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 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's website.