Peachtree Corners plans for reduced FY2021 budget

At the Peachtree Corners May city council meeting, the council held a public hearing and heard the first read of the proposed Fiscal Year 2021 budget which takes affect July 1, 2020 through June 30, 2021.

In response to the economic impact of COVID-19, the city’s FY2021 proposed budget is being reduced by 11.7 percent compared to the FY2020 amended budget. The reduced budget does not affect city staff. The proposed reduction does decrease funds for professional service (consultants), and one-time special projects completed in FY2020. The other reductions are due to one-time repairs and maintenance items.

The city’s proposed budget includes a $12.1 million General Fund and $5.6 million Capital Expense Fund which are SPLOST monies used only to fund transportation improvements. The budget also includes a $2.8 million Stormwater Fund used for stormwater related maintenance and repairs, and a $1.8 million Solid Waste Fund used to fund the collection of garbage and recycling for its citizens. The resulting proposed FY2021 budget totals $22.3 million.

The council will hear a second read of the proposed budget at 7 p.m. during the June 23 council meeting. There will be no public hearing at the second read.

Review the proposed budget: