The district has had to borrow millions of dollars for several consecutive years because of tax bill delays. In 2017, APS borrowed $100 million, followed by $60 million in 2018 and $25 million last year. Over the course of those three years, the district paid about $940,000 in interest on the loans, according to APS documents.
“We are hopeful that we will get to a place where bills can go out on time,” said Bracken. “Since I’ve been at APS that has not been the trend.”
Various legal challenges and other issues have caused delays in sending out tax bills in recent years.
This year, Fulton County officials said bills had not yet been sent out because they needed the city of Atlanta to set its property tax rate. A city spokesman previously said the city was waiting on APS to determine its rate, while APS said it completed its work on schedule.
On Tuesday, the Atlanta City Council approved the city’s tax rates and ratified the APS rate, clearing the way for officials to calculate how much property owners owe in taxes and to send bills.
Fulton County’s tax commissioner, Arthur Ferdinand, via a spokeswoman, declined to comment on when tax bills may be sent.