Suwanee began the new fiscal year July 1 with a $12.9 million balanced operating budget. This year’s budget represents a 4.2 percent increase over the $12.4 million adopted budget for the recently ended 2017 fiscal year.
As a result, Suwanee has proposed a millage rate of 4.93 mills, the same rate used in the proposed FY 2018 budget and the same rate used by the city over the past four years.
Because the proposed rate is anticipated to generate a 4.96 percent increase in property tax revenue, the city will hold three public hearings to discuss the tax increase at 5:30 p.m. Aug. 10 and at noon and 6:30 p.m. Aug. 22 at City Hall, 320 Town Center Avenue. The millage rate will be adopted during the city council meeting following the final public hearing Aug. 22. Property owners will see a slight increase due to rising property values.
Information: www.Suwanee.com; click on the ‘Open Budget’ icon at the bottom right side of the homepage.