Brookhaven Mayor J. Max Davis has unveiled the new city’s first budget, which would hit the maximum allowed tax rate but includes a $400,000 reserve.

The $15.7 million budget, which calls for a 3.35 millage rate, will cover the city’s operating costs but does not include estimates for prices to set up a police department later this year.

The budget is about $9 million lower than projected by the Vinson Institute of Government’s feasibility study, in part because of several revenue sources such as franchise fees that the city will not receive until next year.

The City Council is scheduled to hold a hearing on the budget on Feb. 26. It is available for review online at www.brookhavenga.gov.