The Sandy Springs City Council held a public hearing and first reading of a $489.87 million budget for the 2020 fiscal year. A second reading is set for the June 18 council meeting.
"The FY 2020 budget provides for the same millage rate of 4.731 mills as last year and maintains adequate reserves in the fund balance to ensure sound fiscal integrity of the city in addition to meeting the criteria of credit rating agencies," according to a summary by City Manager John McDonough and Finance Director Karen Ellis.
Eligible city employees may receive a 3 percent salary increase and may qualify for an additional bonus based on job performance, the summary says. The city’s fund balance, to cover unforeseen expenses, is maintained at or above $20.5 million.
The budget also contains continued funding of $50,000 for Art Sandy Springs, $4 million to replace Fire Station 2, $2.5 million for a cultural center, $1.5 million for the North End Revitalization project, and more than $2 million for park projects. Information: https://bit.ly/31anRlp
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