The Sandy Springs City Council has voted unanimously to approve its fiscal 2018 budget, with a balanced general fund totaling $106 million and the budgets for all operating, capital and special revenues totaling $426.5 million.
Mayor Rusty Paul said in a prepared statement that the budget is based on the city’s established planning priorities “and continues the conservative fiscal principles which earned us a triple A rating from rating agencies … the highest possible rating the first time we were assessed.”
City officials have said the budget maintains adequate reserves, ensures a high level of public safety services, and provides capital funding to address a backlog of infrastructure projects.
Sandy Springs has no plans to change its 4.731 millage rate, officials said. Under the city’s charter, the rate cannot be increased without a referendum. The city also has a cap on tax increases of 3 percent or the consumer price increase, whichever is less.
Information: http://spr.gs/fy18budget
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