Decatur Has $7 Million In Reserves
Decatur Metro | January 26, 2009According to a note in the AJC about the mayor’s Tuesday State of the City Address, a recent audit showed that Decatur has nearly $7 million in reserves “or about 40 percent of its operating budget”.
What does that mean? That unlike Atlanta, DeKalb County and a ton of other local governments that have been living paycheck to paycheck, we’ve got a nice cushion to support us while we figure out how to balance a budget with less state revenue coming in.
I don’t know about you, but I certainly prefer well thought-out cutbacks to panic-stricken, knee-jerk cutbacks.
Seems like “progressive” Decatur is looking a bit more fiscally conservative these days.
Latest from Decaturish
A government that doesn’t spend every dime, imagine that. Kudos to the City on this.
Yep…
This should get publicity…all the negative stuff sure does.
Just imagine if the COUNTY would pay up on the SPLOST tax they owe us!
I love this town!
Yep, kudos to Decatur leadership…! Just stop trying to expand your empire (i.e. annexation) and I’ll be happy.
Decatur eLIFE is covering Mayor Floyd’s State of the City address. We’re doing a feature on it so that those who can’t make the event on Tuesday can hear what the Mayor has to say. Stay tuned…
It is my understanding that the city of Decatur has higher property tax rates than other local government, including DeKalb County.
Is this true, and if so, might it account for at least part of the city’s surplus relative to the other local governments?
That is too simplistic. You need to look at cost of services, quality of services, growth in tax base, etc. etc.