Snellville recently unveiled its Fiscal Year 2021 budget. While the city states the proposed budget reflects the economic hardships predicted in the wake of the COVID-19 pandemic, the numbers are actually higher than last year’s by 3.2 percent or $414,431.
The proposed balanced $13,058,103 budget anticipates additional revenue streams and offsetting, mandated expenditures.
While there is a salary freeze for city employees, a “once-in-a-decade” 27th bi-weekly paycheck will result in a $221,392 budget increase. Two other revenue increases are the result of $385,000 in Community Development Block Grant revenue for the city’s proposed greenway and a projected $300,000 from school zone traffic cameras. Without these expenditures, the FY21 budget would be down by $491,961 or 4 percent.
Capital investments in the budget include $721,000 for street resurfacing and $800,000 for stormwater projects.
The city anticipates the pandemic will impact revenue with a projected 40 percent decrease in hotel/motel room tax, a 20 percent decrease in the Title Ad Valorem Tax and a 25 percent reduction in intangible taxes.
The Snellville City Council will hold a second reading and adoption vote June 8.
A copy of the proposed budget is available on the city’s website: www.tinyurl.com/SnellvilleFY2021.
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