The Norcross City Council voted Aug. 1 to adopt a $31.3 million 2016-2017 budget. The approved budget for all funds includes the general operating budget, capital improvement, enterprise and special revenue budgets. The council made one change to move $300,000 in proposed general revenue taxes to the prior year fund balance changing its total from $4.3 million to $4.0 million.
According to city documents filed by City Manager Rudolph Smith, “The city is in excellent financial condition. Revenues are predicted to rise over the next twelve months and the city has no significant outstanding debt burdening the tax base.”
Norcross has been able to increase its tax base over the past few years due to annexation and redevelopment, resulting in general fund revenue growth projected to reach nearly $10 million in fiscal year 2016.
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