The Peachtree Corners City Council recently approved the Fiscal Year 2017 budget. The city’s general fund budget of $9.3 million represents an increase of $700,000 from the FY2016 budget.
Business licenses, insurance premium tax and franchise taxes paid by utility companies make up the vast majority of total revenue. There were no increases in any user fees in the budget and the city property tax millage rate will remain at zero.
Revenue highlights include an anticipated $5.7 million in SPLOST funding, including a grant of $242,023 from the Georgia Department of Transportation. SPLOST funding will be dedicated to roadways and walkways with the Local Maintenance and Improvement Grant specifically used for sidewalk construction.
A copy of the budget is available at www.peachtreecornersga.gov or by calling Brandon Branham at 770-609-8818.
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Credit: Channel 2 Action News