Alpharetta officials gave initial approval Monday to its proposed 2012 budget. The spending plan keeps the tax rate the same while giving property owners an additional $10,000 homestead exemption. With the drop in home values in general, most homeowners will see a property tax reduction, Finance Director Tom Harris said.
To make up for almost $3 million less in property tax revenue, the city will cut one full-time administrative position and keep another 13 positions unfilled. It also anticipates increases in sales tax revenue and delinquent tax collections. A final vote on the budget will be later this month.
About the Author
The Latest
