30 Million Up, 4 Million Down

Decatur Metro | May 18, 2009

After seeing the AJC article about Decatur being one of three cities with increased tax values, I was curious about specifics.  At tonight’s City Commission meeting, City Manager Peggy Merriss laid those details out on the table, literally and figuratively.

The city lost 4 million in property values in the past fiscal (?) year, but gained 30 million from new construction.

Even so, the city will use 1.3 million over the next two years to cover the gap between revenues and expenditures, without cutting programs or raising the millage.

I believe I heard someone say that the full budget will be available online this coming Wednesday.

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No Responses to “30 Million Up, 4 Million Down”

  1. Robert says:
    May 19, 2009 at 8:42 am

    So why did the City Manager a couple of months ago suggest that the Commission go ahead and strip out the homestead exemption for next year (which the Commission rightly put off for another day)?

  2. Decatur Metro says:
    May 20, 2009 at 8:03 am

    As GAK points out, April Hunt at the AJC writes up Monday’s commission meeting in this morning’s paper.