Milton holds line on millage rate, sets hearings

Milton has scheduled 2018 millage rate hearings and posted an online explainer why it plans to keep the rate unchanged at 4.731 mills. CITY OF MILTON

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Milton has scheduled 2018 millage rate hearings and posted an online explainer why it plans to keep the rate unchanged at 4.731 mills. CITY OF MILTON

Milton has posted a Community Update in advance of public hearings on its proposed 2018 millage rate to explain why it plans to keep the rate unchanged at 4.731 mills – as opposed to rolling it back to offset higher Fulton County property tax assessments.

The hearings are scheduled for the Council Chambers at City Hall, 2006 Heritage Walk, at 9 a.m. and 6 p.m., Aug. 6, and at 5:45 p.m., Aug. 13. After the third hearing, the City Council will vote on the millage rate.

Why not roll back the millage rate? Milton cited capital projects pushed back a year because of Fulton's delayed 2017 tax digest; Milton's millage rate cap of 4.731 mills; uncertainties created by House Bill 710, which allows a Nov. 6 vote on a new homestead referendum to "substantially eliminate" property tax hikes caused by the spike in tax assessments; and the fact, 2018 final assessment appeal data are not yet available. Information: https://bit.ly/2Ad6YwY

Maintaining the existing millage rate, the city says, “allows us to move forward with those 2017 deferred capital projects, ensures compliance with our fiscal policy regarding reserves, and takes a conservative fiscal approach during an uncertain time with numerous unknowns (that is, the unresolved final 2017 tax digest and potential financial impact of the proposed homestead exemption).”